India, March 16 -- Hailing the industry-friendly initiatives of the Punjab government, investors pledged investments worth Rs.12,000 crore on the concluding day of the Progressive Punjab Investors' Summit in Mohali on Sunday.

Addressing the valedictory session, Nahar Group of Companies chairman Kamal Oswal announced Rs.1,500 crore investments in modernisation of existing units, textiles, renewable energy besides setting up a data centre in Mohali. He said investment proposals announced during the three-day summit would create tremendous job avenues and industrial growth in the state, according to an official release.

With an investment of Rs.950 crore already committed to building a world-class university focused on reimagining educatio...