India, Nov. 6 -- Punjab has set an investment target of Rs.75,000 crore under its new industrial policy, as the state government seeks to attract businesses, expand existing industries and create employment opportunities. The Punjab Industrial and Business Development Policy 2026, announced in March, is designed to offer incentives based on the requirements of individual projects and businesses.

Chief Minister Bhagwant Mann said the policy allows investors to choose from 20 options to put together an assistance package suited to their business needs. He also said Punjab is offering capital subsidy for the first time, a measure intended to reduce the initial cost of setting up industrial projects.

The policy focuses on both new industria...