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Economy of Chandigarh
Government The government is a major employer in Chandigarh with three governments having their base here. A significant percentage of Chandigarh’s population therefore consists of people who are either working for one of these governments or have retired from government service. For this reason, Chandigarh is often called a “Pensioner's Paradise”. Industry There are about 15 medium to large industrial including two in the Public sector. In addition Chandigarh has over 2500 units are registered under small scale sector. The important industries are paper manufacturing, basic metals and alloys and machinery. Other industries are relating to food products, sanitary ware, auto parts, machine tools, pharmaceuticals and electrical appliances. Yet, with a Per Capita Income of Rs. 67,370, Chandigarh is the richest city in India. Chandigarh's gross state domestic product for 2004 is estimated at $2.2 billion in current prices. Banking Chandigarh has a well developed market and banking infrastructure. Nearly all the major banks in the country have registered their presence in Chandigarh. Most banks with a pan India presence have their zonal/regional offices present in Chandigarh. In fact Bank square in Sector 17 in chandigarh has a large presence of such offices all in one section of the commercial sector. Chambers of commerce Three major trade promotion organizations have their offices in Chandigarh. These are: Federation of Indian Chambers of Commerce & Industry, (FICCI) the PHD Chamber of Commerce and Industry ( PHDCCI) and the Confederation of Indian Industry (CII) which has its regional headquarters at Sector 31, Chandigarh. This is a list of top NSE-indexed conglomerates with corporate offices in Chandigarh. Figures are given in millions of Indian Rupees for year ending March 2007.
Rank Conglomerate Gross Income Net Profit
1 Swaraj Mazda 6,034 160
2 Nectar Lifesciences 4,612 460
3 Ind-Swift Laboratories 3,579 209
Defence Forces The defence forces have a significant presence in Chandigarh, apart from the Indian Airforce base in sector 31 and the nearby Cantonment in Chandimandir, the city is the base for sourcing supplies for the Leh Ladhak and Siachen region of defence operations. Service Industry Chandigarh IT Park (also Chandigarh Technology Park) is the city's attempt to break into the IT world. Chandigarh's infrastructure, proximity to Delhi, Punjab and Haryana, and the IT talent pool attracts IT businesses looking for office space in the area. Major Indian firms and multinational corporations including .Quark, Infosys, Dell, Webart Softech, FCS Software Solutions,Ranbaxy, and Netsoft Informatics have offices in the city and it's suburbs. Rajiv Gandhi Chandigarh Technology Park (RGCTP) - A Special Economic Zone RGCTP was conceived in 2001 by Chandigarh administration this was to promote and provide planned facilities to the IT companies and young entrepreneurs. located in the foot hills of Shivaliks Close to Sukhna lake. The Technology park is now full of big IT players like * Infosys Technologies Ltd. * IBM Daksh * Net Solutions * Outerbay (Now HP India) * Virsa Systems (now SAP Labs) * ICICI Prudential (for Software Development) * FCS Software Solutions Ltd. And many more.... The Department of Information Technology Chandigarh is this official department under Chandigarh administration dealing with IT policies and promotion of IT park.

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