Punjab’s Industry and Commerce Minister, Tarunpreet Singh Sond said that Since March 2022, under the leadership of Chief Minister Bhagwant Singh Mann, investments amounting to Rs. 88,014 crore have been received by the state.
He 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. He revealed that Since March 2022, Punjab has received 5,574 investment proposals with proposed investment of about Rs. 88,014 crores with the proposed employment potential of about 4,01,217 persons.
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).
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.