The Chief Minister further said that “bravery, hard work, and an enterprising spirit are embedded in every grain of Punjab's soil.”
Punjab Emerging as World’s Preferred Investment Destination: CM Mann Invites Bengaluru Industrialists: Punjab Chief Minister Bhagwant Singh Mann interacted with Karnataka industrialists, showcasing Punjab as the most preferred investment destination. He urged them to invest in the state, boosting both Punjab’s economy and their own businesses, according to a press release issued by the Chief Minister's Office.
While interacting with representatives from the industrial sector in Bengaluru, the capital city of Karnataka, CM Bhagwant Singh Mann welcomed the attendees and stated that Bengaluru is known as the Information Technology Hub of India and the Silicon Valley of India.
CM Mann extended an invitation to entrepreneurs to invest in Punjab, stating that the state is blessed by Gurus, saints, and martyrs and has a rich cultural heritage.
The Chief Minister further said that “bravery, hard work, and an enterprising spirit are embedded in every grain of Punjab’s soil.”
He noted that the state has long played a vital role in defending the nation’s borders as well as ensuring the country's food security, and that for these reasons, Punjab is known as the ‘Food Bowl and Sword Arm of India’.
Praising the industrious people of Punjab, the Chief Minister said they are known for their dedication and perseverance, making the state’s bond with industry and enterprise exceptionally strong.
He stated that Punjab is steadily making progress in industrial growth and that investments are being drawn to the state, citing its “industry-friendly policies, transparent governance, and a conducive business environment.”
Bhagwant Singh Mann said that it is indeed heartening that Punjab’s atmosphere of harmony, peace, and goodwill has greatly boosted industrial investment, according to the press release.
Massive Investment in Punjab Since 2022 to Boost Employment in the State
Punjab has received investment proposals worth Rs 1.23 lakh crore since March 2022, which, the CM stated, would generate employment for around 4.7 lakh youth.
CM Mann noted that sectors such as food processing, textiles, auto components, hand tools, bicycles, IT, and tourism are positioning Punjab as a role model for other states.
He further highlighted that leading global companies like Nestlé, Claas, Freudenberg, Cargill, Verbio, Danone, and others have set up their units in the state, which he said is a matter of pride.
Ludhiana — Commercial Capital of Punjab; Punjab the World’s Preferred Investment Destination: CM Mann
The Chief Minister highlighted that Tata’s second-largest steel plant in India, after Jamshedpur, is coming up in Ludhiana district. He added that Ludhiana, known globally as an industrial hub, plays a vital role in the state’s economy and is rightly considered the Commercial Capital of Punjab.
The state continues to attract investments from developed nations such as Japan, the USA, Germany, the UK, the UAE, Switzerland, France, and Spain, the CM said.
CM Mann stated that he firmly believes Punjab is not only emerging as India’s but the world’s Preferred Investment Destination, adding that the state government has delivered on many of the guarantees given to industrialists within just three and a half years. He further added that Punjab now holds a top position in Ease of Doing Business, citing the concerted efforts of his government.
Fast Track Punjab Portal — India’s Most Advanced Single-Window System
Speaking further at the interaction session, Chief Minister Mann noted that the Fast Track Punjab Portal is India’s most advanced single-window system, offering more than 150 business services with the notable advantage of eliminating the need for offline applications.
“He (Chief Minister Mann) said that under the Punjab Right to Business Act, the state government grants in-principle approval within three days to projects with an investment of up to Rs 125 crore. Bhagwant Singh Mann further said that a time limit of 45 days has been set for granting approvals, and if approvals are not issued within this period, they are automatically treated as deemed approvals,” the press release read.
The CM said that assistance to investors is regularly provided through WhatsApp, AI chatbots, and call centers, adding “that the period for fire NOC renewals has been extended, and the process for leasehold-to-freehold conversion has been vastly simplified. Bhagwant Singh Mann said that the state government firmly believes that real industrial progress is possible only when the government and industry work shoulder to shoulder,” the press release further read.
He said that investors and entrepreneurs are regarded as key partners in shaping Punjab’s industrial future.
The state government has established committees for 24 different industrial sectors to draft targeted strategies and roadmaps for each, the CM said.
He praised the dedicated and committed officers of Invest Punjab, saying they are always available to extend every possible support to industrialists.
Sixth Progressive Punjab Investors Summit in March 2026
During the interaction, the Chief Minister apprised investors that the sixth Progressive Punjab Investors Summit is scheduled to be organized in Mohali on 13th, 14th, and 15th March 2026. He invited them to the event, saying the summit would provide a ‘common platform’ for industrialists, policymakers, and innovative thinkers to exchange ideas and share their visions.
Bhagwant Singh Mann urged all industrialists to actively contribute to formulating industry-friendly policies and share their valuable suggestions, the press release said.
Concluding, the CM said that Punjab holds immense potential for economic and industrial growth, but he pointed out that without the support of industrialists, the state cannot move forward.
The CM underscored that with their partnership, his government would take Punjab to new heights of prosperity and progress.
Bhagwant Singh Mann exuded confidence that together, they will soon fulfill the dream of transforming Punjab once again into a vibrant and thriving land, ‘Rangla Punjab,’ the press release further read.
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