JL Oswal Group Commits ₹1,550 Cr to Punjab – Over 4,000 Jobs on the Horizon
Chandigarh, March 9, 2026:
Punjab Cabinet Minister for Industries, Commerce & Investment Promotion, Power, and Local Government, Sanjeev Arora, announced that the JL Oswal Group will invest approximately ₹1,550 crore in Punjab over the next three years. This major announcement reflects growing confidence in Punjab’s evolving industrial ecosystem following the launch of the Punjab Industrial & Business Development Policy 2026 by the state government.
Minister Sanjeev Arora described the investment as a strong endorsement of Punjab’s progressive industrial policies and the government’s commitment to building a business-friendly environment. “The ₹1,550 crore commitment by the JL Oswal Group highlights the increasing trust of industry leaders in Punjab’s improving business climate and investor-friendly reforms,” he said. He added, “Our new Industrial Policy offers one of the most comprehensive incentive packages in the country, allowing investors to select benefits tailored to their growth strategies. Punjab is once again positioning itself as a top choice for industry and innovation.”
The proposed investment will span multiple high-growth sectors, including digital infrastructure, textiles, industrial parks, hospitality, apparel manufacturing, and renewable energy, further strengthening Punjab’s industrial base. According to the Minister, the investment is expected to enhance logistics efficiency, expand manufacturing capabilities, and generate more than 4,000 direct and indirect employment opportunities in the coming years.
Detailing the sector-wise breakdown, Minister Sanjeev Arora stated:
- ₹500 crore will be invested in digital infrastructure through the development of a modern Edge Data Centre in partnership with the Essar Ruia Group, which operates globally in digital infrastructure via its technology company Black Box.
- ₹450 crore will go toward modernizing the textile industry by upgrading and expanding spinning and textile manufacturing facilities to boost productivity and global competitiveness.
- ₹400 crore will be allocated for the development of logistics parks, industrial parks, and supporting infrastructure to strengthen Punjab’s manufacturing and supply-chain ecosystem.
- ₹100 crore will support the hospitality sector through a new hotel project to cater to increasing business travel and tourism in Punjab.
- ₹50 crore will be invested in establishing modern garment manufacturing facilities to enhance value-added textile production.
- Another ₹50 crore will fund solar and sustainable energy solutions to promote green industrial development in the state.
Praising the leadership of Kamal Oswal, Chairman of the JL Oswal Group, Minister Sanjeev Arora said the group’s decision to expand investments in Punjab will significantly contribute to the state’s industrial growth and economic progress.
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The JL Oswal Group, under Kamal Oswal’s leadership, has a strong presence in industrial and infrastructure sectors across Punjab, Madhya Pradesh, Rajasthan, Uttar Pradesh, Bihar, Odisha, and Assam. Its diversified portfolio includes textiles, logistics parks, industrial infrastructure, renewable energy, and hospitality. The group currently generates a combined annual revenue of approximately ₹8,000 crore and continues to play a vital role in regional economic development, industrial expansion, and job creation across multiple states.
The announcement was made during a press conference attended by Gurkirat Kirpal Singh, Secretary Industries and Commerce; Kamal Oswal, Managing Director of JL Oswal Group; and Abhinav Oswal, Executive Director of JL Oswal Group
