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Punjab Attracts Rs 1.89 Lakh Crore, Projects 6.31 Lakh Jobs
Punjab’s government says many companies are investing money in the state.
It reported investments of Rs 1.89 lakh crore over the last four years.
These projects may create work opportunities for about 6.31 lakh young people.
Mohali received the largest amount of new investment proposals.
Ludhiana, Patiala and Hoshiarpur also received substantial proposals.
The government says investment is spreading across more parts of Punjab.
It also wants to grow technology, renewable energy and other modern industries.
Chief Minister Bhagwant Mann said this could help create jobs and raise incomes.
Punjab attracted Rs 1.89 lakh crore in investments over the last four years, according to an official statement.
The investments could generate employment opportunities for around 6.31 lakh young people.
Mohali led new investment proposals with Rs 9,478 crore, followed by Ludhiana with Rs 4,968 crore.
Patiala and Hoshiarpur received investment proposals worth Rs 2,590 crore and Rs 2,003 crore, respectively.
Chief Minister Bhagwant Mann said investments are spreading beyond traditional industrial centres into technology, renewable energy, automobiles and modern manufacturing.
- Who
- The Punjab government, led by Chief Minister Bhagwant Mann, and investing companies.
- What
- Punjab attracted Rs 1.89 lakh crore in investments, with projects having potential to employ around 6.31 lakh youth.
- Where
- Punjab, with Mohali leading investment proposals, followed by Ludhiana, Patiala and Hoshiarpur.
- When
- The investments were reported over the last four years; the review took place on Friday, September 25.
- Why
- The government said it has worked to provide a transparent, investor-friendly environment through improved infrastructure, governance and streamlined approvals.
Key facts
- Total investment
- Rs 1.89 lakh crore over the last four years
- Employment potential
- Around 6.31 lakh youth
- Leading district
- Mohali, with Rs 9,478 crore in new investment proposals
- Second-largest district
- Ludhiana, with Rs 4,968 crore in proposals
- Other major recipients
- Patiala received Rs 2,590 crore and Hoshiarpur Rs 2,003 crore
- Investment period cited
- Financial years 2022-23 to 2026-27 for proposals received through common application forms
- Companies named
- Tata Steel, JSW Steel, AICHI Steels, Vardhman, Nestle, Hindustan Lever, Cargill, De Heus, HMEL, Santhan Textiles and Freudenberg
Quotes
Bhagwant Mann
Chief Minister of Punjab
“SAS Nagar (Mohali) is rapidly transforming into one of Punjab’s principal economic and industrial growth engines and has emerged as the leading district in new investment proposals received through common application forms (CAFs) during the financial years 2022-23 to 2026-27. Mohali received investment proposals worth Rs 9,478 crore, followed by Ludhiana with Rs 4,968 crore, Patiala with Rs 2,590 crore and Hoshiarpur with Rs 2,003 crore.”
theprint.in
“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.”
theprint.in
Sources
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