Business and Economy of Patiala
The Business of Agriculture in Patiala
Contract-farming has also been started by the Agriculture Department and PAFC in the district for the crops like basmati, pulses, barley, maize, etc. Agriculture is the most important economic activity in the district as majority of the population is living in the rural area.
Industry in Patiala
The industries produce traditional farm products- necessity for an agricultural place, as well as high end precision tools that cater to the most modern of industries. Products such as vanaspati ghee, power cables, bicycles, dairy products and pesticides form a major part of the industrial product. One can see small industrial units spread across Patiala city. But the industries are mostly concentrated in five main areas that are Samana, Nabha, Dera Bassi, Patiala and Rajpura. The regions can be divided into small industrial units that produce agricultural products, cutting tools and bakeries etc. And then there are major industrial units located in Rajpura.
At Rajpura, the large scale industries located are:
Surya Air Products Private Limited
Bunge India P Ltd.
Amber Enterpsises Limited
Siel Chemicals Limited
In small scales industries, Rajpura provides the below products:
Biomass Briquette Machinery
Biscuit Machines Industry
Rajpura Thermal Power Plant
Patiala also has a diamond jewellery manufacturing unit called “Pancham Jewellers Pvt Ltd”, initiated in 2005 for manufacturing and supply of diamond studded gold jewellery along with kundan, Mina etc. It is the only unit of its kind in the entire area.
Rajpura is also famous for its grain market and is the second largest grain market of Asia. Also The Municipal Council of Rajpura is the richest municipal council of Punjab.All the industrial units are bounded in an association and is called, "Rajpura Small Scale Industries Association".
It is also emerging as a warehousing and logistics hub of Punjab. Many companies and MNC’s have their warehouses in Rajpura. Some of the names are as below:
- Tata Teleservices
- Bharti Walmart