Chandigarh, Nov 13: Punjab’s industrial landscape is rapidly expanding, with a notable increase in women-led businesses, government data shows.
Since 2022, more than 2.55 lakh new enterprises have been registered under female ownership, part of a broader push that has seen over 10.32 lakh small industries emerge statewide.
The new businesses have attracted ₹24,807 crore in capital, supporting equipment upgrades, factory construction, and employment generation, officials said. “Our policies are designed to encourage entrepreneurship at all levels, especially among women,” said a state government spokesperson.
Sectors driving growth include manufacturing, with 2,57,670 units; services, with 3,51,467 new enterprises; and trading, which saw 4,23,545 ventures established. The majority in each category are Micro industries, showing that grassroots economic activity is fueling state-level development.
The government’s recent initiatives are expected to further consolidate these gains. The MSME Wing, approved in February 2024, will provide dedicated support to small enterprises, facilitating access to financing, technology, and wider markets. Officials said this step is crucial for helping industries scale and compete nationally and internationally.
Analysts noted that Punjab’s growth in small enterprises, especially those led by women, is positioning the state as a model for inclusive industrial development in India.
