Chandigarh, October 19: Punjab is rapidly emerging as one of India’s top investment destinations, with industrialists from across the country and abroad showing renewed interest in setting up ventures in the state. Officials attribute the trend to the state government’s business-friendly policies, improved infrastructure, and transparent governance.
According to the government, Punjab’s strategic location — adjoining Delhi and serving as India’s gateway to the North — gives it a logistical advantage. Major cities such as Amritsar, Ludhiana, Jalandhar, and Mohali are developing into industrial hubs, backed by a strong road and rail network.
The government has introduced a single-window clearance system to ease permissions and licenses, reducing approval times from months to weeks. Efforts to curb corruption and simplify procedures have further boosted investor confidence.
Large-scale investments are now flowing into sectors such as food processing, textiles, auto components, pharmaceuticals, and information technology. The IT Park in Mohali is attracting global firms and creating employment for youth, while Ludhiana and Jalandhar continue to strengthen their global presence in bicycle, auto parts, and sports goods manufacturing.
Chief Minister Bhagwant Mann has emphasized skill development as a key pillar of Punjab’s industrial growth. The government is running multiple training programmes to supply skilled manpower to industries, while also promoting entrepreneurship among the state’s youth.
Power supply has improved significantly, and industries are being prioritized for uninterrupted electricity. Affordable industrial land, tax incentives, and export-linked subsidies have further enhanced the investment climate.
The government has also launched industrial parks equipped with ready infrastructure. Coupled with Punjab’s improving law and order and rich cultural hospitality, the state is positioning itself as a welcoming and dependable business destination.
Officials said the state aims to attract ₹1 lakh crore in investments over the next five years. “Punjab’s rise on the national economic map is a result of consistent reforms and investor trust,” a senior official said.
