The quality of life in the city is often compared to some of the best cities across the world. Chandigarh is also the capital city of two of the neighbouring states - Punjab and Haryana.
Chandigarh has a well-connected international airport, which handled over 4,500 tonnes of freight in 2015-16. Renewable energy sources contribute over 67% to the territory’s overall power requirements. The government has proposed setting up a monorail network to cater to the exponential increase in the transport needs of the city.
Chandigarh has the presence of over 56,000 MSME units. About 40% of industries in the union territory are ancillary units that manufacture components for tractors. Other industries based in the territory include IT, electronics, pharmaceuticals, machine tools and plastics. Rajiv Gandhi Chandigarh Technology Park (RGCTP), developed in two phases, has been accorded the SEZ status. Concurrently, the territory is planning to set up a terminal market for fruits and vegetables to support crop diversification program undertaken by the Governments of Punjab and Haryana.