FIINOVATION PUNJAB

ABSCONDED BY
MANUFACTURING SET UPS
Fiinovation, Fiinovation India

Fiinovation, in 1965 Ludhiana was growing as the state's

largest industrial centre. The introduction of the green
revolution during the time provided a base for the boom.
Fiinovation a few industrial units were processing
clothes, machinery, cycles, automobiles etc. However,
Fiinovation that by 1991, Ludhiana started exporting
various material such as castings, hydraulic systems and
motors to Europe and the Gulf nations.
Fiinovation complects the downfall of industrial set ups in
the state since the last decade.

Fiinovation that while the large corporations have started

to move away, the smaller industrial units are closing down
too.
Fiinovation that large corporations like Vardhaman has
now transpositioned its extensive operations outside
Punjab. Similarly, there has been a slump in the cycle
manufacturing industry in Punjab.
Fiinovation that expansion of bicycle manufacturing large
units like Hero and Avon have now planned and carried out
beyond the borders of the state.

According to Fiinovation, the movement of larger units to

new locations and the increasing imports from China have
subjugated functioning of smaller businesses.
Fiinovation comprehends a majority of the corporate
premises have rented out their premises to other
businesses and the rest have closed down.
Fiinovation complects the state is undergoing deindustrialisation at present.

Fiinovation comprehends that the Punjab government to

have a hard time combatting with the dwindling state
revenues with downfall of industries.
Fiinovation the slump in the Indian manufacturing
industry has been accelerated by inflated imports from the
chinese market.
The cheap cost of products, and acceptable quality has
captured the market once lead by the Indian resources,
which is in contrast with the state policies to do businesses
in Punjab.

Fiinovation understands the liberalising imports in

manufacturing sector has inflated imports but disturbed
production in India.
The manufacturing businesses in Punjab face a challenge
in high tax and power rates, which makes carrying out a
business, a challenge.
Fiinovation that since the state provides free power to the
agriculturalists, both the large and small manufacturing
units have to pay a higher cost of the same.

Fiinovation believes that in order to invite more business

units to carry out their businesses in the state, the
authorities should bring down the cost of doing businesses.
Expansion of existing businesses will still not be a possible
solution to inflate possible revenues.
Fiinovation comprehends this to still nurse the drowning
economics of industries in Punjab.

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