Punjab Sees Executed Investments Reach Rs 57,000 Crore in One Year: Industries Minister

Punjab Attracts Record Investments of Rs 57,000 Crore in Past Year

Punjab has emerged as one of the best investment destinations in India, with Rs 57,000 crore worth of investments pledged and executed on the ground in the past year, according to Sanjeev Arora, Minister of Industries and Commerce.

The investments were announced at the recent Progressive Punjab Investors' Summit (PPIS) 2026, which marked a departure from traditional "MoU-driven" summits. The event highlighted Rs 1.57 lakh crore of investment that is already active on the ground since 2022, creating an estimated 5 lakh jobs in the state.

Prominent companies that have submitted the Common Application Form (CAF), a unified digital document for state-level clearances and incentives, include:

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• Trident: Rs 5,000 crore investment
• Plaksha: Rs 5,000 crore investment
• Vardhman Steel: Rs 3,600 crore investment
• Verbio India: Rs 3,500 crore investment for biofuel and renewable energy projects
• Tata Steel: Rs 3,200 crore investment
• JSW: Rs 3,000 crore investment
• Arora Iron & Steel: Rs 1,000 crore investment
• HMEL: Rs 2,600 crore investment in energy and chemical sectors
• IOL Chemicals & Pharmaceuticals: Rs 1,400 crore investment

The state government has implemented a Right to Business Act (RTB), which provides fast clearances for green industries and orange industries within 5 days and 15 days respectively. The Punjab Invest Portal also ensures that all applications are approved within 45 days.

Punjab has made significant progress in Ease of Doing Business, with a focus on giving fast approvals and de-regulation. The state government aims to create an attractive business environment for investors, with initiatives such as making Mohali the next most favored IT destination in the country.