Chandigarh, December 20, 2025: Punjab is on the brink of a major industrial makeover after Chief Minister Bhagwant Mann returned from his Japan-Korea visit, securing commitments from nine multinational companies. These investments span AI, IT, electric vehicles, clean energy, and horticulture, promising thousands of new jobs and economic revival.
Yamaha will collaborate with Hero to manufacture electric bikes in Punjab, while Honda will begin producing automobile parts, boosting both employment and technical skill development. Industry analysts said such projects could position the state as a key manufacturing destination in Asia.
Mohali is set to become a hub for technology and innovation. Fujitsu Limited, Toray, and Toppan Holdings — the latter committing ₹400 crore — will launch AI and IT projects, creating opportunities for thousands of local IT professionals.
Agricultural development and environmental sustainability also feature prominently. JICA has approved modern horticulture projects to raise farmers’ incomes, while JBIC plans clean energy investments to reduce pollution. Japanese companies METI and Sumitomo are exploring commercial vehicle and logistics projects, adding further momentum.
CM Mann termed the agreements “not just announcements, but real change on the ground,” with work on these projects set to begin soon. The Punjab government has introduced a single-window clearance system to expedite approvals for investors, including land allocation and electricity connections.
Local traders and industrialists hailed the foreign investment as a positive signal for domestic industries and small enterprises. The youth, who often migrate for better opportunities, will now find jobs within the state. Social media response has also been overwhelmingly positive.
With these initiatives, Punjab aims to redefine itself beyond agriculture, moving toward technology, innovation, and sustainability. Experts predict that the state could become one of India’s top five investment destinations within three years as these projects take shape.
