SAS NAGAR, March 13, 2026 — Leading global industrialists on Friday expressed strong confidence in Punjab’s economic trajectory during the Progressive Punjab Investors’ Summit, announcing significant new investments and expansion projects. Captains of industry credited the state’s growth to the investor-friendly policies implemented under the leadership of Chief Minister Bhagwant Singh Mann.
Lakshmi N. Mittal, Executive Chairman of ArcelorMittal, declared that his company has already made its largest investment in the state, totaling over ₹60,000 crore. He stated that in response to recent fuel shortages, the Bathinda refinery has tripled its LPG production to 3,000 tonnes per day. Mittal also announced plans to enter the retail fuel sector by establishing 500 high-tech petrol pumps in the state, with the first station set to open in Bathinda shortly.
“The partnership between our company and the Punjab Government will be long-lasting,” Mittal affirmed, noting the personal interest taken by the Chief Minister in prioritizing industrial growth.
Similarly, T.V. Narendran, CEO and Managing Director of Tata Steel Limited, maintained that his company’s experience in the state has been outstanding. He affirmed that a ₹3,200 crore steel plant in Ludhiana is now in the advanced stages of inauguration, having received smooth cooperation from the government over the last two years. He declared that this project is only the beginning of Tata’s investment plans for the region.
The summit also saw a major commitment from the Trident Group, with Chairman Rajinder Gupta announcing an investment of ₹5,000 crore over the next two years. Gupta stated that this expansion would generate 10,000 jobs in the textile sector, half of which are reserved for women. He asserted that the state’s new industrial policies are effectively addressing the concerns of stakeholders and younger entrepreneurs.
