Global industry leaders on Friday hailed Punjab as an emerging investment destination under the leadership of Chief Minister Bhagwant Singh Mann, while announcing major expansion and investment plans during the Progressive Punjab Investors’ Summit 2026.
Top industrialists including leaders from ArcelorMittal, Tata Steel, JSW Group and Trident Group praised the investor-friendly policies of the Punjab government and committed thousands of crores in fresh investments, signalling strong confidence in the state’s economic growth.
Executive Chairman of ArcelorMittal Lakshmi N. Mittal said it was an honour to be in Punjab, describing the state as a land that symbolises hard work, resilience and determination. He said Punjabis have built global enterprises through dedication and entrepreneurship.
Mittal highlighted that ArcelorMittal has already invested more than ₹60,000 crore in Punjab, the largest investment in the state so far. He added that the Bathinda refinery is playing a major role in strengthening industrial growth with advanced technologies.
He further noted that the refinery has increased LPG production from 1,000 tonnes to 3,000 tonnes per day to help address supply challenges. The company has also established a mega petrochemical complex worth ₹26,000 crore, which is boosting MSMEs and accelerating economic development in the state.
Announcing further expansion, Mittal said the company will enter the fuel retail sector by setting up 500 petrol pumps using modern technology and artificial intelligence. The first petrol pump is expected to be launched soon in Bathinda.
Chairman of Hero Enterprise Sunil Kant Munjal said the Punjab government is making serious efforts to revive the state’s industrial strength and restore its economic leadership. He noted that Punjab once led the country economically and is now working towards reclaiming that position through industrial development and innovation.
Munjal praised the initiatives taken by the state government in sectors such as technology, education, healthcare and real estate, stating that the Investors Summit could play a key role in driving an industrial resurgence in Punjab.
CEO and Managing Director of Tata Steel Limited T. V. Narendran appreciated the Punjab government for facilitating the company’s project in Ludhiana, which is nearing completion. He said Tata Steel’s ₹3,200 crore plant will be among the most advanced facilities using energy-efficient technologies to produce greener and cleaner steel.
Narendran added that the Ludhiana project marks only the beginning and the company plans to explore further investment opportunities in the state.
Rajya Sabha MP and Trident Group Chairman Rajinder Gupta also lauded the Punjab government’s industrial policies, calling them progressive and supportive of entrepreneurs, especially young innovators and high-tech industries.
Gupta announced that the Trident Group will invest ₹5,000 crore in Punjab over the next two years, creating more than 10,000 employment opportunities, including 5,000 jobs for women in the textile sector.
Meanwhile, JSW Group Chairman Sajjan Jindal revealed plans to expand the company’s Rajpura plant with an investment of ₹3,000 crore to increase steel production capacity.
Jindal said Punjab, traditionally known for agriculture, is now rapidly emerging as a vibrant industrial hub due to the proactive and investor-friendly policies introduced under the leadership of Chief Minister Bhagwant Singh Mann.
He added that the entrepreneurial spirit of Punjabis continues to drive success across the world and praised the state government for organising the Invest Punjab Summit, which he said will further strengthen Punjab’s position as one of India’s leading destinations for industry and investment.