Ludhiana accounts for more than 35% of the industrial output, 23% of industrial units and 33% of industrial workforce of Punjab. It houses host of MSMEs catering to cycle & cycle parts, auto components, industrial fasteners, machine tools, garments, etc. Ludhiana is Asia’s largest hub for bicycle manufacturing and produces more than 50% of India’s bicycle consumption of over 10 million per annum.
Ludhiana also produces 60% of India’s tractor parts. The Empowered Committee on Industries, Punjab, gave its nod to a Special Economic Zone for Ludhiana covering 2,500 acre and a Textile Park at a cost of Rs. 1,800 crore. Quark Inc. has proposed a SEZ in the Jalandhar-Ludhiana- Hoshiarpur corridor.