The Department of Industries and Commerce plays a pivotal role in rendering assistance to the entrepreneurs. The process of assistance begins with the very first stage of project identification to financial assistance up to the commissioning of Industrial units. The existing industry is also helped in the process of continuous up gradation of technology and modernization.
The main functions of the department are as follows:
Spread over an area of 412 acres, Eco City Phase-I, is the upcoming Ultra modern Township at Mullanpur, New Chandigarh. Quite synonymous to its name, it is surrounded by lush green areas. Total area under development of the scheme is 400 acres and the total project cost of development is Rs. 151 crores, out of which Rs. 50 crores have already been spent on the construction of roads and providing PH, Electrical & Horticulture services etc. Process of acquiring around 450 acres of land for Eco City, Phase-II is under process.
Located in the vicinity of ECO City, land measuring about 100 acres stands acquired for developing the Medicity. Out of total area, 50 acres has already been allotted for the construction of Tata Cancer Hospital. In phase-II of the scheme land measuring 160 acres would be acquired.
Education City spread over an area of 1700 acres is located at Mullanpur. Land will be made available for setting up schools, colleges and universities offering world class state of the art facilities. The project so completed would offer education facilities in courses like Engineering, Management, Bio tech, Tourism, Hospital, Multimedia, pharmaceuticals etc.
Land measuring 800 acres (approx.) on both sides of the approach roads of the upcoming International Airport for the development of state of the art aerotropolis comprising institutional/commercial and residential use. Around 5000 residential plots are planned in Aerocity. The total project cost of the development on the right side of the airport road is Rs. 141.30 crores while for the left side total amount earmarked for the development works is Rs. 123.71 crores
Land measuring around 1700 acres was acquired for development of IT City/ Knowledge Park close to Sector 66, 82 and 101 on Kharar-Mullanpur road. The facility being developed on land worth Rs. 3000.00 crore would offer Industrial, Institutional, Commercial and Residential property.
280 acres of industrial land available for Food Parks in Kapurthala, Pathankot, Goindwal Sahib. SAS Nagar (Mohali) has been declared a Brownfield Electronic Cluster (EMC) for benefits under the M-SIPS Scheme by GoI.
Punjab has grown at a rate of 15% per annum in the past decades and is one of the fast growing economies in the region. The focused sectors of the state are: