Investment Worth Rs 89 Thousand Crore Has Been Received in 32 Months

Chandigarh: The Punjab government, led by Chief Minister Bhagwant Singh Mann, has been largely successful in its efforts to bring industrialists and investors to the state. The Bhagwant Singh Mann government has made big decisions for investors in the state, for the implementation of which coordination between the concerned departments is very important. For this purpose, the government has ordered the officials to create a comfortable and conducive environment for investors in the state, the impact of which is clearly visible.

With this investment, employment is also increasing rapidly. In the last 32 months, Invest Punjab has received more than 5,265 investments worth an estimated Rs 89,000 crore. This investment is expected to create 3,87,806 jobs in the state. 

This investment has been made in several sectors, including agriculture and food processing, manufacturing, automotive and auto components, chemicals and petrochemicals, textiles, and infrastructure. Investment in Punjab is coming from several countries and regions, including Switzerland, the USA, Japan, and Germany.

Among the five districts of Punjab that have received the most investment, SAS Nagar is at the forefront, having received an investment of Rs 24,930 crore. After this, Ludhiana is in second place, with an investment of Rs 18,860 crore. Amritsar is in third place, having received an investment of Rs 5,805 crore. After this, Fatehgarh Sahib received an investment of Rs 4,981 crore. The sectors that received the highest investment include:

- The proposed investment in housing construction and infrastructure is Rs 11,853 crore, which will create 1.22 lakh jobs.
- The construction sector has attracted an investment of Rs 5,981 crore and created 39,952 jobs.
- The steel sector has attracted an investment of Rs 3,889 crore, which has created 9,257 jobs.
- Textiles, technical textiles, and textiles have attracted an investment of Rs 3,305 crore and created 13,753 jobs.
- The agriculture, food processing, and beverages sector has attracted an investment of Rs 2,854 crore and created 16,638 jobs.
- Rs 2,157 crore has been invested in healthcare, and 4,510 jobs have been created.

Chief Minister Bhagwant Singh Mann said that this is just the beginning, and more investment will come to Punjab. The state's 'Invest Punjab' portal is ranked first among 28 states for its performance, in which about 58,000 new small and medium enterprises have been registered, setting a record in itself.

The entire team of Chief Minister Bhagwant Singh Mann goes to the people and listens to their problems through the 'Sarkar Aapre Duar' scheme, and the same policy is being implemented for industries as well, under which industrialists will not need to come to government offices with their problems, but the government itself will go to them and solve the problems of industrialists. 

The companies that are investing in Punjab include the following major companies:

- Tata Steel (Fortune 500) has invested Rs 2,600 crore in the secondary steel sector in Ludhiana.
- Sanatan Polikot has invested Rs 1,600 crore in the man-made fibre sector in Fatehgarh Sahib.
- Nabha Power (L&T) is investing Rs 641 crore in the power sector in Patiala.
- Topan (Japan) SBS Shahar has invested Rs 548 crore in the packaging sector.
- Nestle has invested Rs 423 crore in the food processing sector in Moga.
- Vardhman Special Steels (Aichi Steel, Japan) has invested Rs 342 crore in the hybrid steel sector in Ludhiana.
- Rs 338 crore has been invested in the auto and auto components sector in Fredenburg, Rupnagar.
- Bebo Technology SAS has invested Rs 300 crore in the IT sector in the city.
- HUL (UK) has invested Rs 281 crore in Patiala, and Cargill India (USA), Fatehgarh Sahib, has invested Rs 160 crore.

Due to the efforts of Chief Minister Bhagwant Singh Mann, the famous company BMW is now investing in Punjab. A plant to manufacture parts of BMW company vehicles is going to be set up in Punjab, which will provide employment to thousands of youth. 

Earlier, a big Canadian company, Nebula Group, was encouraged to invest, giving a big boost to the investment in the state. Not only this, Sun Pharma, JSW Steels, RPG Group, and other companies are soon going to expand their footprint in Punjab. Leading tractor manufacturer Sonalika Tractors had also announced an investment of Rs 1,300 crore to set up two new facilities in Hoshiarpur, Punjab—a tractor assembly plant and a high-pressure foundry plant. 

Earlier, Tata Steel had announced an investment of Rs 2,600 crore in Ludhiana. All the permissions for this steel plant have been issued, and now only the construction work of the plant is going on. It is scheduled to be completed by the year 2025.