Punjab Attracts ₹12,250 Crore Investment Commitments at Progressive Punjab Investors Summit

Chandigarh, March 2026 : The three-day ‘Progressive Punjab Investors Summit’ concluded with strong investment commitments, as companies from multiple sectors pledged to invest ₹12,250 crore in the state over the next three to four years. The summit, aimed at revitalising industrial growth and boosting investor confidence, witnessed participation from thousands of delegates and major industrial players who promised to contribute to a new phase of economic development in Punjab.

Praising the outcome of the summit, Punjab Chief Minister Bhagwant Mann said the pledged investments would significantly accelerate industrialisation and economic growth in the state. He emphasised that the state government had worked for nearly a year to organise the summit and ensure that it delivered tangible results for Punjab’s economy.

Manufacturers from a wide range of sectors—including steel, textiles, compressed biogas, bio-fertilisers, and medical devices—participated in the summit and announced expansion plans. Among the largest investment commitments came from Nahar Industries, which pledged ₹1,500 crore to expand its presence in Punjab.

Another major announcement came from Plaksha University, which hosted the summit and revealed plans to invest ₹5,000 crore in the state. The university has already invested around ₹950 crore in its campus and educational infrastructure and now aims to further strengthen its presence by expanding research, technology, and innovation initiatives in Punjab.

Verbio India also announced a significant investment plan of ₹4,000 crore to expand biofuel and biogas production in the state. The company currently operates India’s largest biofuel plant in Lehragaga in Sangrur district and intends to establish ten additional industrial-scale plants with an investment of around ₹3,000 crore as part of its long-term expansion strategy.

In the healthcare manufacturing sector, Tynor Orthotics committed ₹1,000 crore to expand its operations. The company aims to strengthen its global footprint and become the world’s largest manufacturer of orthopedic devices serving customers in 100 countries.

The summit drew around 6,000 delegates, including industrialists, policymakers, entrepreneurs, and investors. Over the course of three days, 30 sessions were held covering a broad spectrum of industries and opportunities for growth. According to organisers, investors expressed the highest level of interest in sectors such as textiles, steel, and IT and IT-enabled services (ITeS).

Addressing the gathering, Chief Minister Mann said the state government is committed to creating a favourable environment for business and industry. He described the summit as a step toward transforming Punjab into a leading investment destination in India.

“We worked for a year to organise this summit and ensure its success. Our government has always placed the interests of the state and its people above everything else,” Mann said. “When Punjab progresses, the nation progresses as well.”

The chief minister added that the government plans to invite investors again toward the end of October to review the progress of their projects and determine whether any additional support or policy assistance is required.

Industry leaders attending the summit also expressed confidence in Punjab’s new industrial policies and investment climate.

Kamal Oswal said the state’s new Industrial and Business Development Policy has sent a clear message that Punjab is ready to enter a new era of industrialisation and economic expansion. He noted that investment commitments worth ₹1.70 lakh crore have already been announced in recent years, which are expected to generate employment and growth opportunities across multiple sectors.

“Industry naturally gravitates toward regions where policies are clear, leadership is strong, and intentions are sincere,” Oswal said. “There was a time when investors were looking outside Punjab to expand their businesses. Today, confidence has returned to the state’s industrial ecosystem.”

Similarly, PJ Singh highlighted the importance of government support for entrepreneurs. Recalling his company’s journey, Singh said he started the business with an investment of just ₹50,000, which has now grown into an enterprise valued at ₹5,000 crore.

“If we continue to receive the same level of support from the Punjab government, we are confident that we can become the world’s leading manufacturer of orthopedic devices serving over 100 countries,” he said.

Academic leaders also underscored the role of innovation and education in economic development. Rudra Pratap said the institution’s additional ₹5,000-crore investment will focus on research, innovation, and strengthening technological capabilities in the region.

Meanwhile, Jagminder Singh Bawa praised the state government for simplifying procedures and reducing bureaucratic hurdles for investors. He recalled that while setting up his company’s plant in Mohali, the government ensured that all necessary approvals were granted within seven days after construction was completed, which took around 18 months.

Bawa added that Punjab has a strong and skilled workforce and relatively low employee attrition rates, making it an attractive location for manufacturing and industrial investment.

With strong participation from industry leaders and large investment pledges, the Progressive Punjab Investors Summit has reinforced the state’s ambitions to become a major hub for manufacturing, technology, and sustainable industry in the coming years.