Chandigarh, December 20, 2025: Punjab is poised for a major economic transformation following Chief Minister Bhagwant Mann’s recent trip to Japan and South Korea. Nine international companies have signed investment agreements, bringing opportunities in technology, electric vehicles, clean energy, and horticulture, while creating thousands of jobs for local youth.
Japanese electric bike maker Yamaha will partner with Hero to manufacture e-bikes in Punjab, promoting green transportation, while Honda plans to produce automobile components in the state. “These initiatives will provide both employment and technical training to our youth,” said industry experts, noting that such investments could position Punjab as a regional manufacturing hub.
In the IT sector, Mohali is set to emerge as a global center for innovation. Fujitsu Limited will launch AI and IT projects, Toray has expressed interest in investment, and Toppan Holdings will invest ₹400 crore. These companies are expected to open new pathways for thousands of IT professionals within the state.
Agriculture and clean energy sectors are also receiving a boost. JICA has approved Punjab’s horticulture modernization projects, which aim to increase farmers’ incomes using advanced techniques, while JBIC has committed to clean energy investments, supporting environmental sustainability.
Further investment discussions involved Japanese firms METI and truck manufacturer Sumitomo, which are exploring opportunities in commercial vehicles and logistics. CM Mann described the agreements as “a milestone in Punjab’s development, translating policy into on-ground change.”
To facilitate investment, the Punjab government has established a single-window clearance system, ensuring fast approvals for land, electricity, and other infrastructure. Local industrialists welcomed the initiative, highlighting its potential to strengthen domestic supply chains and support small and medium enterprises.
“This foreign investment marks a shift in Punjab’s identity—from a state primarily reliant on agriculture to a hub for technology, innovation, and sustainability,” CM Mann said. As projects move forward, experts expect visible economic change in the coming months.
