Punjab’s Industry and Commerce Minister, Tarunpreet Singh Sond, has extended an invitation to national and international industrialists to invest in Punjab. He highlighted that the state’s industry-friendly policies have attracted global investors.
Since March 2022, under the leadership of Chief Minister Bhagwant Singh Mann, investments amounting to Rs. 86,541 crore have been received. He revealed that since 2022, over 5,300 investment proposals have been received, of which Rs. 86,541 crore has already materialized, creating employment opportunities for nearly 3,92,540 individuals.
Some key projects secured during the current government’s tenure include investments from Tata Steel Limited (Rs. 2,600 crore), Sanathan Polycoat Private Limited (Rs. 1,600 crore), Ambuja Cements Limited (Rs. 1,400 crore), Ruchira Papers Limited (Rs. 1,137 crore), Topan Specialty Films Limited (Rs. 787 crore), Nestle India Limited (Rs. 583 crore), Happy Forgings Limited (Rs. 438 crore), Freudenberg Group (Rs. 339 crore), OEC Metcorp Limited (Rs. 309 crore) and Cargill India Private Limited (Rs. 160 crore).
Sond urged other entrepreneurs to start their industries in Punjab, assuring that the Mann-led government would extend full support to industrialists in every way. He emphasized that Punjab offers a conducive, suitable, and peaceful environment for investment.
The state government is committed to the progress and prosperity of industries with seriousness and cordiality. Its policies are industry-friendly, allowing small and medium enterprises to start their businesses immediately with a simple affidavit, while the necessary documentation process can be completed within three years.
Sond also highlighted that Punjab’s “Invest Punjab” portal ranks first among 28 states in terms of efficiency. Nearly 58,000 small and medium new enterprises have registered on the portal, which is a record in itself.
Since taking charge as Industry Minister, Sond has held numerous meetings with businesspersons, associations, industrial chambers, and representatives of industrial groups. He assured that their suggestions and advice would be considered while drafting new policies and schemes.
He expressed optimism that, with industry-friendly policies, Punjab’s industrial sector would soon witness exponential growth, attracting even more investments to the state.