The minister announced the 6th Progressive Punjab Investors Summit-2026 to further boost industrial growth.
Punjab’s Big Investment Win: INR 1.5 Lakh Crore and 5 Lakh Jobs Since 2022, Says Arora
On Thursday, Industries and Commerce Minister Sanjeev Arora said that Punjab has secured investments around INR 1.50 lakh crore since 2022 under the incumbent Aam Aadmi Party (AAP) government, generating more than five lakh jobs across the state.
While addressing the media, Arora highlighted that significant investment commitments announced over the last five months reflect growing investor confidence in Punjab’s industrial climate. Among the key investments are:
INR 2,600 crore from HPCL Mittal Energy Limited (HMEL),
INR 3,000 crore from Vardhman Steels,
INR 2,000 crore from the Trident Group.
Among other notable investors are:
IOL Chemicals & Pharmaceuticals Limited (INR 1,400 crore),
Happy Forgings Limited (INR 1,000 crore),
Veerka Beverages Private Limited (INR 987 crore),
Fortis Healthcare, Mohali (INR 900 crore),
Amber Enterprises India Limited (INR 500 crore),
Infosys Limited (INR 285 crore),
Toppan Speciality Films Pvt. Ltd (INR 300–400 crore).
Arora said these investments are across different sectors, strengthening Punjab’s industrial ecosystem and contributing to employment generation for the state’s youth.
The minister announced the 6th Progressive Punjab Investors Summit-2026 to further boost industrial growth. It will be held in Mohali from March 13 to 15, 2026. He said that the summit is expected to attract additional investors and elevate the state’s economic profile.
The minister also outlined administrative reforms aimed at easing the investment process. The government has introduced timelines for industrial approvals, with all clearances to be granted within 5 to 45 days. Under amendments to the Punjab Right to Business Act, 2020, eligible enterprises can commence or expand operations on a self-declaration basis, with in-principle approvals issued in 5 to 18 days. About 2,000 units have already benefited from this streamlined procedure, the minister added.
Arora said that the state has constituted 24 specialised sectoral committees, each chaired by industry leaders, to advise on the upcoming sector-specific industrial policy, which is scheduled for release in January 2026.
According to Arora, these statements aim to position Punjab as a preferred investment destination and highlight the government’s commitment to industrial development and job creation.
Source: Times of India
