- Industry Minister Sanjeev Arora’s sustained outreach and investor-centric reforms drive fresh global confidence in Punjab
- Education Minister Harjot Singh Bains pitches academic collaboration with leading UK institutions
Chandigarh, March 13:
Reinforcing the growing global confidence in Punjab’s pro-industry ecosystem, UK-based company “3 Associates” has announced a significant investment of ₹1,407 crore in the state during the Progressive Punjab Investors’ Summit engagements. The major investment announcement underscores the untiring efforts and strategic leadership of Punjab’s Industry & Commerce Minister Sh. Sanjeev Arora, who has been consistently spearheading investor outreach initiatives and policy reforms to position Punjab as a preferred investment destination.
The announcement was made by CEO of “3 Associates”, Mr. Jesdev Saggar, during a high-profile session titled “Unlocking Opportunities under CETA: Strengthening UK–Punjab Trade and Investment Partnerships” held at Plaksha University, SAS Nagar (Mohali), in the presence of Industry Minister Sh. Sanjeev Arora and Education Minister S. Harjot Singh Bains.
The proposed project, with an estimated Gross Development Value (GDV) of ₹4,700 crore, is expected to create substantial employment opportunities and further strengthen Punjab’s emergence as a frontrunner in knowledge-driven and digital economy sectors.
Speaking on the occasion, Industry Minister Sh. Sanjeev Arora expressed gratitude to the leadership of “3 Associates” for reposing faith in Punjab, stating that the state government, under the visionary leadership of Chief Minister S. Bhagwant Singh Mann, is fully committed to facilitating investments through proactive governance, policy stability, and dedicated investor support mechanisms.
Sh. Arora highlighted that the Progressive Punjab Investors’ Summit is the culmination of months of intensive global outreach, strategic engagements with industry leaders, and continuous follow-ups aimed at translating investment intent into on-ground commitments. He emphasised that Punjab’s progressive industrial policies, improved ease of doing business, robust infrastructure, and skilled workforce are collectively driving a new era of industrial growth in the state.
Education Minister S. Harjot Singh Bains lauded the Industry Minister’s persistent efforts in attracting historic investments over the past several months, noting a visible transformation in Punjab’s economic narrative. He also underlined immense opportunities for collaboration in sectors such as food processing and advanced manufacturing, while pitching for academic partnerships with leading UK institutions like Cambridge and Oxford to further strengthen Punjab’s knowledge ecosystem.
Highlighting Punjab’s strengths, Mr. Jesdev Saggar stated that the state’s young and dynamic population, strong institutional base, and progressive policy environment were key factors influencing the company’s decision to invest. He described Punjab as a promising gateway for long-term growth and innovation-led development.
Additional Chief Secretary, Technical Education, Sh. Tejveer Singh elaborated on the state’s forward-looking industrial policy and the strategic advantages offered by Mohali and surrounding regions for establishing higher education institutions, global capability centres, and knowledge-based industries.
British Deputy High Commissioner, Ms. Alba Smeriglio, described the Punjab–UK partnership as a long-term journey built on shared ambitions and mutual trust. She noted that the India–UK Comprehensive Economic and Trade Agreement (CETA) would further deepen bilateral trade ties and open new avenues for investment and collaboration.
Mr. Harjinder Kang from the UK’s Department for Business and Trade called upon stakeholders to leverage the emerging opportunities for shared prosperity between India and the UK. Punjab Development Commission Vice-Chairperson Ms. Seema Bansal also attended the session.
The latest investment announcement adds to the recent streak of major industrial commitments secured through the sustained efforts of Industry Minister Sh. Sanjeev Arora, further strengthening the momentum towards making the Progressive Punjab Investors’ Summit a landmark success in the state’s economic transformation journey.
