Mann Government’s ‘Invest Punjab’ Initiative: Ganga Acrowools to Invest Rs 637 Crore in Textile Sector

National News: Punjab is set to witness another major boost in its industrial growth. Ganga Acrowools Limited has announced a huge textile project in the state, investing Rs 637 crore. This step comes under the state government’s ‘Invest Punjab’ initiative. Led by Chief Minister Bhagwant Mann, the government aims to make Punjab one of India’s top industrial hubs once again.

Jobs and Growth for Youth

The new textile unit will create thousands of job opportunities for young people in Punjab. By investing in this sector, Ganga Acrowools is helping revive Punjab’s old industrial identity. Officials say this project will strengthen the local economy and also place Punjab prominently on the national textile map.

Investor-Friendly Environment

Punjab has made it easier for businesses to set up here. The government has introduced single-window clearance, ensured land availability, and improved basic facilities like electricity and water. These steps have attracted industrialists, including Ganga Acrowools. The company expects skilled workers, better infrastructure, and government support to make the project successful.

Boost to Economy and Exports

This project will significantly increase the textile sector’s contribution to Punjab’s economy. The government believes that textiles and apparel are key strengths of the state. New investments like this will also help increase exports. The Rs 637 crore project will directly add to Punjab’s GDP and boost local incomes.

Benefits for Local Industries

Ganga Acrowools is a well-known Indian textile company, and its investment highlights the success of Punjab’s industrial policies. The project will also help small and medium businesses, as supply chain, logistics, packaging, and other related industries grow around the factory. This will create more industrial activity in the region, benefiting local traders and entrepreneurs. Chief Minister Bhagwant Mann has emphasized that reviving Punjab as an industrial leader is a priority. Big investments like Ganga Acrowools’ project are key steps toward this goal. The government aims to attract even more investments in the future. This ₹637 crore project brings new hope to Punjab’s youth and demonstrates that the state is once again on the path of industrial growth.