The Punjab Government, under the visionary leadership of Chief Minister Bhagwant Singh Mann, is successfully making the state a major hub for industrial investment. Punjab, once known as the land of farmers, has now become a strong industrial base. This success is coming from big greenfield investments and expansions by domestic champions and Indian multinational companies. With Punjab Government’s investor-friendly policies and active support, these companies are setting up new factories and expanding existing units, creating thousands of jobs and giving new momentum to the state’s economy.
This development perfectly aligns with Punjab Government’s vision of industrial growth and job creation. The state’s proactive policies, investor-friendly initiatives, and commitment to infrastructure development create a favorable environment for such large investments.
Vardhman Special Steels Limited in Ludhiana is a living example of this. Taking advantage of Punjab Government’s facilities, this domestic champion has made a new greenfield investment of ₹342 crores in the alloy steel and specialty steel sector. This project will create 1,469 new jobs, providing good employment opportunities to local youth. This new factory, equipped with modern technology, will not only meet India’s steel demand but also establish Punjab as a leading state in India’s steel industry through Punjab Government’s efforts. This investment shows Punjab Government’s capability in attracting high-value domestic investments, creating large-scale employment, and strengthening industrial infrastructure in various sectors including steel.
This achievement is part of Punjab Government’s broader development story. In the last 32 months, under Punjab Government’s ‘Invest Punjab’ initiative, 5,265 investments worth approximately ₹89,000 crores have been made. This is expected to create 3,87,806 jobs across the state. Punjab Government’s online investment portal ranks first among 28 states, and over 58,000 small and medium enterprises (SMEs) have registered, setting a new record for industrial entrepreneurship.
Besides Vardhman Special Steels, other major projects are also making Punjab shine under Punjab Government’s guidance. Tata Steel has expanded in Ludhiana with a ₹2,600 crore investment in secondary steel production. Sonalika Tractors has invested ₹1,300 crores in manufacturing and foundry units in Hoshiarpur. BMW Group is setting up a new greenfield factory in the Chandigarh region in the automotive sector, which will create thousands of jobs. All these investments are making Punjab attractive for domestic and international investors through Punjab Government’s policies, proving the effectiveness of Punjab Government’s investor-friendly policies.
Punjab Government has provided facilities like 100% exemption in Change of Land Use (CLU) and SGST refund (up to 125% of fixed capital investment), making it easier for investors. Through Punjab Government’s ‘Government at Your Doorstep’ initiative, the administration reaches industrialists’ doorsteps, solves issues immediately, and helps projects move forward smoothly. Chief Minister Bhagwant Singh Mann said, “This is just the beginning. Under Punjab Government’s leadership, Punjab is always open for business. We are fully committed to creating a sustainable and prosperous industrial environment for our youth and investors.”
With investments like Vardhman Special Steels and other industrial projects, Punjab is entering a new era through Punjab Government’s efforts, where high-value investments, large-scale employment, and industrial innovation are moving forward together. With Punjab Government’s good governance and investor-friendly policies, the state is becoming the preferred destination for investment.