In a session on the Steel and Rolling Mills on the second day of the Progressive Punjab Investor Summit (PPIS) - 2026 being held at Plaksha University, the focus on the discussion centered on how to harness the tremendous potential of Punjab to help it emerge as a Speciality Steel Hub in North India.
The Water Resources, Mines and Geology Minister focussed on the industry and business friendly eco system in Punjab. "You name the need, we would fulfill it", said the Minister adding that the State has received Rs. 1.55 Lakh Crore worth investment during the past 4 years.
Not only this but the State exports cycles, pharmaceuticals, biscuit, Basmati Rice and other items to a number of countries. From Woollen Knitwear, to cycle, hand tools and tractor manufacturing, everything is available here in Punjab which makes it the best investment destination.
In her presentation, Principal Secretary Employment Generation, Punjab, Alkananda Dayal brought to fore various incentives to the industrial sector in the new industrial policy such as mega units investing Rs.500 Crore being eligible for customized package, green category industries exempted from routine inspections, electricity duty exemption approval processed within seven days, Single Entry - Single Exit digital platform for approvals which are granted in 45 days.
The Secretary Investment Promotion, Industries & Commerce Gurkirat Kirpal Singh batted for the environment friendly and green energy adoption by the industrial units as it is a worldwide trend. Chief Corporate Affairs, TATA Steels Manish Mishra emphasized upon the need to build efficient scrap eco system in order to manufacture low carbon steel which is environment friendly.
CEO, TK Steels Lokesh Jain while appreciating Punjab Government eco system for ease of business, rooted for technology upgradation in respect for small players in the industry.