Progressive Punjab Investor Summit-2026: Rs 1.50 Lakh Crore Investment In Punjab Since 2022, 5 Lakh Jobs Created
Cabinet Minister Sanjeev Arora said that Punjab has attracted Rs 1.50 lakh crore (approximately USD 19 billion) in investments since the formation of the AAP Government.
Punjab: Cabinet Minister Sanjeev Arora on Sunday said that Punjab has attracted Rs 1.50 lakh crore (approximately USD 19 billion) in investments since the formation of the AAP Government, resulting in the generation of more than five lakh employment opportunities across the State. He said this reflects the Government’s firm commitment to making Punjab a preferred destination for investors and a leading industrial hub.
Which major companies announced big-ticket investments in the last five months?
Major Investments announce for Punjab in last 5 months are:
HPCL Mittal Energy Limited (HMEL) – Rs 2,600 Crore, Vardhman Steels- Rs 3,000 Crore, Trident Group – Rs 2,000 Crore, IOL Chemicals & Pharmaceuticals Limited – Rs1,400 Crore, Happy Forgings Limited – Rs 1,000 Crore, Veerka Beverages Private Limited – Rs 987 Crore, Fortis Healthcare (Mohali) – Rs 900 Crore, Amber Enterprises India Limited – Rs 500 Crore, Infosys Limited – Rs 285 crore, Toppan Speciality Films Pvt. Ltd – Rs 300–400 Crore.
When and where will the 6th Progressive Punjab Investors Summit-2026 be held?
Highlighting the future roadmap, the Minister informed that the 6th Progressive Punjab Investors Summit-2026 will be held from March 13 to 15, 2026, at Mohali, which is expected to provide a major boost to the State’s industrial ecosystem.
What impact did the Japan and South Korea outreach have on foreign investments?
He stated that the recent Japan and South Korea visits to Tokya, Osaka & Seoul were highly successful, and significant fresh investments are expected following the overseas outreach, opening new avenues for foreign entrepreneurs. To further facilitate investments, the State Government is ensuring that all industrial approvals are granted within a timeline of 5 to 45 days.
Why did Punjab earn the ‘Top Achiever’ tag under BRAP-2024?
Punjab has been awarded “Top Achiever” status under the Business Reforms Action Plan (BRAP)-2024 by the Government of India, he added. In a major relief to industry and traders, the State has introduced a single 0.25% stamp duty on the total loan amount, covering all related instruments and capped at Rs 5 lakh. Additionally, the registration fee on Equitable Mortgage has been reduced from Rs 1,00,000 to Rs 1,000.
How does RTB Act 2.0 simplify ease of doing business?
The Minister said that the Government has launched RTB Act 2.0 on the Punjab Invest portal, further enhancing ease of doing business by enabling consolidated approvals starting from as early as 5 days. He added that the compliance burden has been significantly reduced by simplifying, digitising, decriminalising and rationalising 833 G2B and 1,702 G2C compliances.
Amendments to the Punjab Right to Business Act, 2020 now allow eligible enterprises to commence or expand operations based on self-declaration, with In-Principle approvals issued within 5 to 18 days. About 2,000 units have already been granted such approvals. The CLU process has also been simplified by removing the requirement for standalone industries in permissible zones.
The Minister further stated that 24 specialised Sectoral Committees have been constituted to ensure robust industry consultation for the upcoming sector-specific industrial policy. Each committee is chaired by a prominent industrialist from the respective sector. All committee reports have been submitted, and a new, robust Industrial Policy is on the anvil and will be released by January 2026.
How did the ‘Rising Punjab’ outreach shape industrial policymaking?
He added that the Government launched the “Rising Punjab – Suggestions to Solutions” series across Mohali, Bathinda, Amritsar, Jalandhar, Ludhiana, Gobindgarh and Khanna, enabling direct industry participation in policy formulation. Outreach delegations led by the Chief Minister were conducted in New Delhi, Gurugram, Bengaluru, Chennai and Hyderabad.
Punjab offers attractive incentives under the existing policy, including SGST reimbursement, exemptions from electricity duty and stamp duty, and special incentives for MSMEs. Fiscal incentives amounting to Rs 29,933 crore have been issued to 1,145 units since March 2022.
How will the new OTS scheme resolve long-pending industry concerns?
Concluding, the Minister said that addressing a long-pending industry demand of nearly three decades, an OTS Scheme has been approved for existing allottees with 100% waiver of penal interest and 8% simple interest, along with policies for leasehold-to-freehold conversion, plot fragmentation, subdivision and reorganisation, and the constitution of an appellate authority for grievance redressal.
