Major Corporations Eye Expansion Amid Punjab’s Investment Drive

Investments Indian Investments

Posted by NewAdmin on 2025-02-03 09:14:07 |

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Punjab is poised for significant industrial growth as leading corporations such as Sun Pharma, JSW Steels, and RPG Group express interest in expanding their operations in the state. This development follows an aggressive investment push by Chief Minister Bhagwant Singh Mann, who recently engaged with top industry leaders to attract large-scale investments.

According to an official statement from the Punjab government, CM Mann assured industry leaders of the state’s commitment to fostering a business-friendly environment. He emphasized Punjab’s strong infrastructure, uninterrupted power supply, skilled workforce, and progressive industrial policies as key factors that make it an attractive investment destination. The government is also open to innovative ideas and policy reforms to accelerate industrial growth.

One of the major investors, Sun Pharmaceutical Industries Ltd, has announced plans to significantly expand its Active Pharmaceutical Ingredients (API) business in Punjab. CEO Damodharan Satagopan highlighted the state's proactive governance and conducive business environment as key reasons for their decision. The company is set to expand its Taunsa project, further strengthening Punjab’s position in the pharmaceutical sector.

JSW Steels and RPG Group have also shown interest in expanding their operations, signaling a broader trend of industrial expansion in Punjab. The government’s investment-friendly approach, combined with its focus on infrastructure and workforce development, has made the state a preferred choice for industries seeking long-term growth.

With the upcoming Invest Punjab Summit set to take place in Mohali, experts anticipate that Punjab will continue to attract significant investments across various sectors, further boosting employment opportunities and economic growth in the region.

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