State of the Economy 2018

Staying Put

Even as the tax holiday comes to an end, businesses in Pantnagar say better infrastructure will drive future investments and sustain the growth momentum

Barely two hours away from Nainital, Pantnagar came into existence on the country’s industrial map only around a decade and a half ago. Up until then, its only claim to fame was India’s first agricultural university, named after Govind Ballabh Pant, which was set up in the 1950’s. This town in the Terai belt saw the first signs of industrialisation only from 2003-04 onwards when the industrial tax holiday zone was set up.