Business in JalandharJalandhar has a substantial business acumen facilitated by its imminent industries. It is known to be a fast developing city with huge potential for setting up industries and other businesses. Interestingly, falling in Doaba region of Punjab, it also has very fertile soil leading to growth of agriculture across this belt. Jalandhar has easy accessibility from all parts of country and its apt location on GT Road is a huge advantage for business growth here.
The infrastructural facilities offered by government machinery makes it feasible to run these businesses efficiently. In fact, Jalandhar is the largest manufacturer of sports goods in the country along with auto parts, tanning, hand tools industries, and other local businesses flourishing in the city.
Industries in JalandharIndustries are the backbone of economy in Jalandhar. The district boasts of some small to large scale enterprises engaged into manufacturing of industrial products including g hand tools, sports goods, tanning products, auto parts, surgical instruments, and rubber goods. There are more than 1750 factories in the district providing employment to over 45,000 workers.
The entire district has 10 industrial areas including 7 industrial estates located in Jalandhar city and one each in Adampur, Rurka Kalan, and Nakodar. Apart from these, state government along with district administration provides complete set up of facilities and aids to establish new industries in this region. From research to exports and quality inspections, industries in Jalandhar are fully supported by these agencies. There are around 26 industrial associations for promotion of various categories of industries present here.
Main industrial products of the district are sports goods, rubber goods, auto parts, pipe fittings, leather goods, books publishing, ball bearings, sanitary goods, garden tools, electrical goods, food products, agricultural implements, hand tools, drill chucks, and building hardware. There is an identified cluster of valve, cocks, and hand tools in the district. The valve cluster has 350 units with turnover of Rs. 800 crores and workforce of 13050.
Local Businesses in JalandharLocal businesses in Jalandhar are flourishing since its historical period. There are many handicrafts in the district that are now breaching boundaries and earning recognition nationwide. These include handloom products, finished leather goods, and food processing units. Also the city has may service industries working locally. There are repairing and servicing of computers, automobiles, and household items along with entertainment services, welding shops, ice factories, wooden furniture, book binding, etc.
Agriculture in JalandharBeing situated in the fertile stretch of Doaba Region, Jalandhar has rich yields of agricultural products. Upper Doaba from Ravi to Sutlej is included in this district and it lies in the central plain region of state. Around 53% of the total population in Jalandhar has agriculture as main occupation due to these features. While Paddy and Maize are the main Kharif crops, wheat and oil seeds are the main rabi crops in this district. The district is divided into 10 blocks for agricultural activities. It has total 241, 000 hectares of land under cultivation with wheat covering the largest part of this land. Jalandhar has moderate rainfall throughout the year.
Hence, its cultivated areas are irrigated by tube wells, and canals. Paddy is cultivated over 64.4% area in this district and wheat over 71.05% land area. Apart from these main kharif and rabi crops, other agricultural crops here include potato, sugar cane, rapeseed, mustard, cereals, pulses, sun flower, groundnut, other edible oils, etc. The inputs to the farmers are provided by agriculture department, IFFCO, Markfed, cooperative societies, seed dealers, PUNSEED, fertilizers, and pesticide dealers. There are agriculture service centers that provide machinery on custom hiring basis to the farmers for better cultivation. Also there are many other government schemes running in the district for higher agricultural production.
Jalandhar also has many agro based processing units that include milk processing units like Doaba Coop Milk Producers’ Union, Metro Milk Plant, and Shasta Milk Foods Pvt. Ltd. There are two sugar mills and 20 mentha oil extraction units functioning here as well.
Real Estate Business in JalandharWith planned infrastructure development, real estate market in Jalandhar is seeing an uptrend in the recent years. There are many upcoming and ongoing real estate projects on the famous GT road to accommodate the growing population and also to pose lucrative investment opportunities to the investors. Many renowned realty developers of the country are getting allure towards this city and they are commencing their mega residential and commercial projects here. There are areas like Model Town fetching high values for residential units as land prices have surged rapidly in this city. Many integrated townships are coming up from leading developers like Ansals, DLF, Star City, Eldeco, etc.
The huge NRI base of this city is also a major factor leading to rise of real estate business. The city offers return of around 7-10% on commercial properties and 4-7% on residential properties to its NRI investors. There is facilitated mechanism in place for these NRIs to invest more in real estate of Jalandhar and contribute in its overall growth. Apart, Jalandhar also seems to be an excellent place for retiring in roots for these investors. Hence, they look forward to the townships that offer world class amenities and facilities to the residents. With their investment along with booming industrial development, Jalandhar has emerged as an epicenter for real estate business in this entire region.
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