Pitching Punjab as a preferred investment destination at four-day Bharat Tex 2026 at Bharat Mandapam, New Delhi, Industries and Commerce Minister Mr. Aman Arora said the state has received investment proposals worth over ₹75,000 crore since the Bhagwant Mann-led government assumed office in 2022.
Mr. Aman Arora, while addressing the media, stated, "Punjab is not merely participating in India's textile growth story, we are writing its next chapter. With investment proposals worth over ₹75,000 crore received in the last four years, industry has reposed faith in our policies.
We are transitioning from traditional strengths to technical leadership, positioning Punjab as a future-ready and globally integrated textile hub." The Industries Minister said that Punjab has long been a cornerstone of India's textile industry, accounting for approximately 95 per cent of the country's woollen knitwear production and around 65 per cent of hosiery production.
The state also ranks first in blended yarn production, with a 5.7 per cent share in India's total spinning capacity. The textile and apparel sector contributes nearly 14 per cent to the state's manufacturing Gross Value Added (GVA). With over 1.46 lakh units, the sector provides employment to more than 10 lakh workers.
Punjab is home to well-established industrial clusters including Ludhiana, widely recognised as the "Manchester of India"; Jalandhar, known for sports goods; Amritsar, with a strong base in woollen textiles and SAS Nagar is emerging as a modern manufacturing hub.
These clusters offer a robust ecosystem of skilled labour, supplier networks and export-oriented enterprises, he added. Warmly inviting the textile investors to invest in Punjab, Mr. Aman Arora said that the Punjab government has created a competitive policy framework to boost industrial growth.
The state has notified three dedicated policies for Apparel & Technical Textiles, Spinning & Weaving and Dyeing & Finishing. To support investors, the state government is also offering lucrative incentives including a capital subsidy of up to 20 per cent of fixed capital investment with a maximum limit of ₹10 crore, reimbursement of up to 75 per cent of net SGST paid and total incentives of up to 125 per cent of fixed capital investment with a maximum limit of ₹500 crore, he added.
For ease of doing business, Punjab has implemented the Right to Business Act. Under this, approvals are based on self-declaration and are given within 5 to 45 working days. If there is any delay, approvals are deemed granted automatically. The state has also launched the FastTrack Punjab Portal, a fully digital single-window system for all clearances, Mr. Arora said.
Mr. Aman Arora also highlighted Punjab's strategic advantages, including proximity to the National Capital Region, strong road, rail and air connectivity, a well-developed logistics ecosystem with inland container depots, reliable power supply at competitive tariffs of approximately ₹5.83 per unit and a skilled and industrially experienced workforce.
While Punjab's traditional textile base remains strong, Mr. Aman Arora said the global textile industry is undergoing a fundamental shift towards man-made fibres, technical textiles and high-performance materials, driven by sectors such as healthcare, infrastructure, sports and defence.
Punjab is uniquely positioned to lead this transformation, with over 100 PPE manufacturers, multiple DRDO-certified facilities and growing capabilities in Meditech, SportTech, AgriTech and Geotech segments. These include healthcare and surgical textiles, performance fabrics linked to Jalandhar's sports goods industry and applications in agriculture & infrastructure.
Administrative Secretary of Industries & Commerce Mr. Gurkirat Kirpal Singh, CEO Invest Punjab Mr. Amit Dhaka, Director Industries Mr. Jaspreet Singh and other senior officials were also present on the occasion.