Chandigarh, Sept. 25 -- Punjab is fast emerging as a major industrial hub and preferred investment destination, with the Chief Minister Bhagwant Mann-led government attracting Rs 1.89 lakh crore in investments over the last four years, an official statement said here on Friday.
This generated employment potential for 6.31 lakh youth and is driving industrial growth beyond traditional centres, it said.
With Mohali leading new investment proposals at Rs 9,478 crore, followed by Ludhiana at Rs 4,968 crore, the expanding investment footprint reflects growing investor confidence while opening new avenues for jobs, entrepreneurship and higher incomes across Punjab, the statement said.
It said that on Friday, Chief Minister Mann reviewed the progress of the Industries Department here.
The statement, quoting Mann, said, "The remarkable scale of investment reflects the growing confidence of domestic and global investors in Punjab's industrial ecosystem. Our government has consistently worked to create a congenial, transparent and investor-friendly business environment, backed by improved infrastructure, responsive governance and streamlined approvals."
The chief minister said Punjab's traditional strengths in agriculture, manufacturing, engineering, textiles and food processing, coupled with the state's emerging capabilities in technology, renewable energy, automobiles and modern manufacturing, are providing a strong foundation for the next phase of industrial growth.
He pointed out that several leading national and international companies, including Tata Steel, JSW Steel, AICHI Steels, Vardhman, Nestle, Hindustan Lever, Cargill, De Heus, HMEL, Santhan Textiles and Freudenberg, among others, have invested or expanded their presence in Punjab.
Published by HT Digital Content Services with permission from Millennium Post.