CHANDIGARH, Dec 29 — Punjab has attracted investments worth ₹1.50 lakh crore since 2022, leading to the creation of more than five lakh jobs across the state, Cabinet Minister Sanjeev Arora said on Saturday.
“The scale of investment coming into Punjab shows growing confidence among domestic and global investors,” Arora said, adding that the state government is working to position Punjab as a major industrial and manufacturing hub.
Arora said several large investment proposals have materialised in recent months, including ₹3,000 crore by Vardhman Steels, ₹2,600 crore by HPCL Mittal Energy Limited and ₹2,000 crore by the Trident Group. Other major investments include IOL Chemicals and Pharmaceuticals Limited with ₹1,400 crore, Happy Forgings Limited with ₹1,000 crore, Veerka Beverages Private Limited with ₹987 crore and Fortis Healthcare’s Mohali project valued at ₹900 crore.
He said Amber Enterprises India Limited has committed ₹500 crore, Infosys Limited ₹285 crore, and Toppan Speciality Films Pvt. Ltd between ₹300 crore and ₹400 crore.
The minister announced that the sixth Progressive Punjab Investors Summit will be held in Mohali from March 13 to 15, 2026, and is expected to strengthen the state’s industrial ecosystem.
Arora said recent outreach visits to Tokyo, Osaka and Seoul had generated strong interest among foreign investors. “These visits have opened new channels for international investment, and we expect concrete proposals to follow,” he said.
To speed up project execution, Arora said the government is ensuring industrial approvals within 5 to 45 days. He added that Punjab has been awarded “Top Achiever” status under the Business Reforms Action Plan 2024 by the central government.
The state has also reduced stamp duty on loans to a single levy of 0.25%, capped at ₹5 lakh, and cut the registration fee on equitable mortgage from ₹1 lakh to ₹1,000. The launch of RTB Act 2.0 on the Punjab Invest portal allows consolidated approvals within as few as five days, he said.
According to the minister, more than 2,000 enterprises have already received in-principle approvals under amendments to the Punjab Right to Business Act, 2020, which allow eligible units to start or expand operations based on self-declaration.
Arora said 24 sectoral committees chaired by industry leaders have submitted reports for a new industrial policy, which is expected to be released by January 2026. The government has also conducted industry consultations across multiple cities in Punjab and outreach programmes in major metros including Delhi, Bengaluru and Chennai.
Fiscal incentives worth ₹29,933 crore have been issued to 1,145 units since March 2022, he said, adding that the government has approved a one-time settlement scheme for existing allottees with a full waiver of penal interest to resolve long-pending industry issues.
