Punjab's economy is mainly agro-based. Of late, a stage of near saturation has been reached in foodgrain production. Therefore, the need of the hour is to encourage diversification in Agriculture and to build up a climate for industrial investment by providing linkages between agriculture and industry. The State Government would specially encourage industrial units both in small and large/medium sector based on agro-produce.

ii) Electronic Industry

Electronic industry, particularly in the high-tech area, would continue to be a priority for the State Government. Efforts would be made to bring in the best available technology. The State Government has already developed an Industrial Estate 'ELTOP' for Electronic Units at Mohali. For providing training to entrepreneurs, a Centre for Electronics Development & Testing (CEDT) has been set up at Mohali and another centre for testing of electronic equipment (ETDC) has also been set up at Mohali. The State Government proposes to provide a special package of incentives to the electronic industry.

iii) Milk-based Industry

After the Green Revolution, Punjab has witnessed an era of White Revolution. Milk-based industry would be encouraged in the State in order to profitably utilise the large quantity of milk produced. Encouragement would also be given to units for the manufacture of Cattle Feed, Poultry Feed and Poultry products.

With the intrusion of electronic media in the rural areas, the urge to live in comfort is increasing. Punjab with its high per capita income, has vast potential for consumer goods markets. May it be Refrigerators, Washing Machines, Kitchen Appliances. TVs, furniture or any other domestic goods, there is no dearth of customers in the State. Hence, it should be the endeavour of the State Government to accord high priority to white goods industry in the State.

iv) Promotion of Large Scale Industry

Punjab's industrial scenario has so far been dominated by the small scale sector. However, in order to sustain the small scale units and to increase employment potential, it is necessary to attract large scale units. The State has conducive enviroment for attracting industrial investment. These include a responsive Government, availability of power, a highly skilled manpower, peaceful industrial relations, network of rail and roads, highly developed urban infrastructure, educational and health care facilities. The State Government would provide all facilities to large industrial houses having plans to invest in Punjab, specially in large units which can trigger further growth.