Business and Economy of Patiala

Patiala has been a centre of trade and commerce for long but in recent years it is gradually developing into an industrial town by producing a wide range of goods. Escorts, Milk Food, Diesel Component Works (DCW) of the railways, Bakeman's Factory Area and Industrial Estate Sirhind Road are worth mentioning industrial units.The economy of Patiala district comprises of Agriculture and Industry.

Industries in Patiala

The Business of Agriculture in Patiala

Business and Economy of PatialaPatiala district has a geographical area of 3, 72,000 hectares and 81% of the land is cultivable i.e., 3, 03,000 hectares. There are more than 60,000 agricultural families in Patiala and the major crops here are Wheat, maize, paddy, barley and sugarcane.

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

Punjab has a rich history of being a primarily agricultural state. Patiala too has followed on the same lines and is an agriculturally rich place. But there has been a shift in the economy in recent times and industry has gained prominence in the region. It is fast emerging as an industrial heartthrob and various industries belonging to different sectors have set up their units here.

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.

PVC Pipes Patiala

At Rajpura, the large scale industries located are:

HUL (Formerly known as HLL)
Surya Air Products Private Limited
Bunge India P Ltd.

Amber Enterpsises Limited
Siel Chemicals Limited

In small scales industries, Rajpura provides the below products:

Door Closer
Steel Works
Biomass Briquette Machinery

Biscuit Machines Industry
Rice Sheller
Soap Factories

Rajpura Thermal Power Plant

The Rajpura Thermal Power Plant had signed the Power Purchase Agreementin January 2010 and started the commercial operations of the 1st unit in January 2014, followed by the second in May 2014. The plant is being run by L&T who constructed 1400MW.Hence, with this project L&T has marked its entry into the power generation segment as a developer.

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
  • Aircel
  • ITC
  • Airtel
  • Castrol
  • Bharti Walmart
  • Nokia-Siemens

A thriving business and economy which is on a constant growth trajectory makes Patiala an economically sound place. The traditional agricultural economy is still in place, but Patiala has also responded to the additional demands of modern industrialization in today's world.

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Comments / Discussion Board - Business and Economy of Patiala

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    Gurinder singh from Patiala 6 Days ago

    I m working as representative in industrial courts in all cities. I m interested in part time work in industrial department....

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