Chandigarh, April 29:
Thanks to the industry-friendly policies of the Punjab Government under the leadership of Chief Minister Bhagwant Singh Mann, the state has attracted investment proposals worth over Rs. 1 lakh crore in the past three years.
Punjab’s Minister for Industries and Investment Promotion, Tarunpreet Singh Sond, stated that the government’s commitment to industrial growth and its investor-friendly approach has yielded impressive results. From March 2022 till now, Punjab has received investment proposals amounting to Rs. 1,00,346 crore. These investments are expected to generate employment opportunities for over 4 lakh people.
Sond extended an invitation to more industrialists to invest in Punjab and emphasized the state government’s ongoing efforts to create a more business-conducive environment. He held a meeting with several prominent industrialists at the Udyog Bhawan yesterday to gather their feedback and to further refine state policies for industrial development.
The Minister also informed the introduction of the One-Time Settlement (OTS) scheme, aimed at providing significant relief to industrialists by resolving long-pending cases. The deadline for this scheme is December 31, 2025, giving defaulters ample time to clear their outstanding dues.
Highlighting the success of Punjab’s industrial policies, Sond mentioned that many major business groups have shown keen interest in establishing units in the state.
Some of the key projects received during the Current Government Regime are Tata Steel Limited (Rs. 2600 Cr.), Sanathan Polycot Pvt. Ltd. (Rs. 1600 Cr.), Ambuja Cements Limited (Rs. 1400 Cr.), Ruchira Papers Ltd (Rs. 1137 Cr.), Toppan Specialty Films Ltd. (Rs. 787 Cr.), Nestle India Ltd. (Rs. 583 Cr.), Happy Forgings Limited (Rs. 438 Cr.), Freudenberg Group (Rs. 339 Cr.), OaykayMetcorp Limited (Rs. 309 Cr.) Cargill India Private Limited (Rs. 160 Cr).
Industry Minister Sond reiterated that Punjab offers a stable, peaceful, and favorable investment environment. He affirmed that the state government is working with full dedication to support industrial development and encouraged more entrepreneurs to invest in Punjab.
