Punjab industry

Punjab Chief Minister Lays Foundation Stone for ₹1,116 Crore Steel Forging Plant in Ludhiana

Punjab Chief Minister Lays Foundation Stone for ₹1,116 Crore Steel Forging Plant in Ludhiana

Chandigarh (Gurpreet Singh): Punjab Chief Minister Bhagwant Singh Mann on Monday laid the foundation stone of the country’s first-of-its-kind ₹1,116 crore forging and machining unit being established by Vardhman Special Steels in partnership with Japan’s Aichi Steel, describing it as a major boost to Punjab’s industrial growth and employment generation. The project will provide direct employment to over 500 youth, while the Chief Minister expressed confidence that future expansion by the Vardhman-Aichi venture could create jobs for another 2,000 people. He said the investment, enhanced from the initially proposed ₹500 crore to ₹1,116 crore after the companies witnessed Punjab’s conducive…
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Punjab Chief Minister Invites Textile Investments at BharatTex 2026, Showcasing New Industrial Policy

Punjab Chief Minister Invites Textile Investments at BharatTex 2026, Showcasing New Industrial Policy

New Delhi/Chandigarh (Gurpreet Singh): Punjab Chief Minister Bhagwant Singh Mann on Tuesday made a strong pitch for Punjab as India’s most promising destination for textile investment, asserting that the state offers immense opportunities across the entire textile value chain and provides a transparent, industry-friendly ecosystem for entrepreneurs. Inaugurating the Punjab State Pavilion and addressing the Punjab Session at BharatTex 2026 in New Delhi, the Chief Minister said the Punjab Government has introduced a new Industrial and Business Development Policy to boost investment, employment and exports, while ensuring time-bound approvals through the Single Window and Single Pen systems. Highlighting that Punjab…
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