Bengaluru/Chandigarh, October 15
Punjab Chief Minister Bhagwant Mann met with prominent industrialists in Bengaluru today, promoting Punjab as a top investment destination and inviting business leaders to capitalize on the state’s industry-friendly environment to expand their enterprises.
Addressing the gathering in India’s IT hub and Silicon Valley, the Chief Minister welcomed the industrialists, highlighting Punjab’s rich cultural heritage and its blessings from revered Gurus, saints, and martyrs. He emphasized that Punjab embodies bravery, hard work, and an entrepreneurial spirit, earning its titles as the Food Bowl and Sword Arm of India for its contributions to national food security and border defense.
CM Mann underscored Punjab’s industrious workforce and its rapid strides in industrial growth, driven by transparent governance and policies conducive to business. He noted that the state’s harmonious and peaceful atmosphere has significantly boosted industrial investments.
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Since March 2022, Punjab has attracted investment proposals worth Rs 1.23 lakh crore, projected to generate employment for approximately 4.7 lakh youth. Key sectors such as food processing, textiles, auto components, hand tools, bicycles, IT, and tourism are positioning Punjab as a model for other states. Global companies like Nestlé, Claas, Freudenberg, Cargill, Verbio, and Danone have established operations in Punjab, with Tata’s second-largest steel plant in India set to come up in Ludhiana, the state’s commercial capital.
The Chief Minister highlighted Punjab’s appeal to investors from countries including Japan, the USA, Germany, the UK, the UAE, Switzerland, France, and Spain, positioning the state as a global investment hub. He credited Punjab’s top ranking in Ease of Doing Business to the state government’s proactive measures, including the Fast Track Punjab Portal, India’s most advanced single-window system, offering over 150 business services without requiring offline applications. Under the Punjab Right to Business Act, projects with investments up to Rs 125 crore receive in-principle approval within three days, with a 45-day approval timeline, after which projects are automatically deemed approved if no decision is made.
CM Mann also outlined investor-friendly initiatives, such as support through WhatsApp, AI chatbots, and call centers, extended fire NOC renewal periods, and simplified leasehold-to-freehold conversion processes. He emphasized that Punjab views investors as key partners in industrial progress, with dedicated committees for 24 industrial sectors crafting targeted strategies.
The Chief Minister invited industrialists to the sixth Progressive Punjab Investors Summit, scheduled for March 13–15, 2026, in Mohali, describing it as a platform for industrialists, policymakers, and innovators to collaborate and shape industry-friendly policies. He urged entrepreneurs to share their insights to further enhance Punjab’s business ecosystem.
CM Mann expressed confidence that with the support of industrialists, Punjab will achieve new heights of prosperity, fulfilling the vision of a vibrant and thriving ‘Rangla Punjab.’
