New Delhi, March 11 -- Punjab's new industrial policy, announced in Chandigarh on March 7, 2026, seeks to create a broader framework for investment, industrial expansion and employment generation in the state. The Bhagwant Mann government has presented the policy as a long-term roadmap for strengthening Punjab's manufacturing base while also supporting existing businesses and improving regional distribution of investment.

A central feature of the policy is a flexible incentive structure under which investors can select the benefits that best suit their projects. The government said this model is intended to move away from a one-size-fits-all package and make Punjab more competitive for a wider range of industries with different capital a...