Punjab Sees 167% Investment Rise After Portal Relaunch, Rs 29,480 Crore Boost Creates 67,672 Jobs

National News: Punjab is seeing a record-breaking rise in investments under Chief Minister Bhagwant Mann’s leadership, completely changing the state’s industrial outlook. In the current financial year, Punjab has received investments worth Rs 29,480 crore, which will create 67,672 new jobs. In the past two and a half years, the Mann government has attracted more than Rs 88,000 crore in total investments, marking a major success for the state.

Big Companies Leading the Way

Several well-known companies have shown strong interest in Punjab. Tata Steel Limited has invested Rs 2,600 crore, Sanatan Polycot Private Limited Rs 1,600 crore, and Ambuja Cements Limited has also made large investments. Infosys has announced plans to invest about Rs 300 crore to expand its Mohali office, generating 2,500 direct and 210 indirect jobs for Punjabis. These developments highlight the government’s progressive policies and the growing trust of industries in Punjab. From the beginning, the state government has worked to make Punjab the most business-friendly and transparent state for investors. Continuous efforts are being made to improve facilities and simplify processes for industries.

Investment Portal Becomes a Game-Changer

The relaunch of the Investment Promotion Portal has proved to be a turning point for Punjab. After the relaunch, project attraction has increased by an impressive 167 per cent. Earlier, investors had to visit several offices, and files often took months to move through departments. Now, with this online portal, investors can get all approvals and permissions from home. This has saved time, improved transparency, and allowed investors to track their project status easily. The single-window clearance system now enables all departmental approvals to be completed in one place. The government has also set up an industrial land bank to help investors find land without difficulty. Tax benefits, subsidies, and simplified licensing have been introduced, especially for Micro, Small, and Medium Enterprises (MSMEs). These steps show the government’s aim to remove unnecessary delays and speed up growth.

Diverse Sectors and Expanding Opportunities

Under Bhagwant Mann’s leadership, Punjab has secured over Rs 86,541 crore in investments in just two and a half years—a big step in the state’s economic progress. These investments cover various sectors such as manufacturing, IT, agriculture, food processing, pharmaceuticals, textiles, and tourism. This variety ensures job opportunities for youth with different skills. New industries are being set up not only in cities but also in smaller towns and villages, reducing migration and boosting local employment. Since March 2022, Punjab has received investment proposals worth Rs 1.14 lakh crore, which are expected to generate over 4.5 lakh jobs. According to Chief Minister Mann, Punjab has now become a top choice for global investors, with companies from Japan, the U.S., Germany, and the U.K. showing interest. This success is due to the government’s honest work, control over corruption, and assurance to investors that their money and projects are safe.

Advisory Panels and Focus on Youth Jobs

The Punjab government has recently created 24 advisory panels that include experts from different fields. These panels are focused on promoting industries, designing new policies, and solving investor issues quickly. This shows that the government is serious about implementation, not just announcements. Industrialists and entrepreneurs have also appreciated the Mann government for making it much easier to do business in Punjab. Chief Minister Mann has often said that giving jobs to Punjab’s youth is his top goal. Every investment proposal is reviewed based on how many jobs it will generate. The Rs 29,480 crore investment this year will create 67,672 jobs, bringing new hope to thousands of families across the state. These jobs will benefit youth in every district and tehsil, not just in major cities. Experts say that if Punjab keeps up this pace, its economy will see a complete transformation in the next two to three years. The state will become self-reliant in employment and gain a strong position on India’s industrial map. The Mann government has laid a solid foundation, and with continued efforts, policies, and investor confidence, Punjab’s soil is truly becoming fertile for industries once again.