Mann said that Punjab is the destination for future growth.
CM Mann Says Mega Investments Coming to Punjab After Japan–Korea Tour
Punjab CM Bhagwant Mann has announced that mega investments are on the anvil in the state after returning from a 10-day visit to Japan and South Korea focused on attracting industrial investors.
He described Mohali as the “most preferred destination” for new investment and cited its skilled workforce from leading universities, good air, rail and road connectivity, and well-planned infrastructure. According to the CM, the enthusiasm shown by Japanese and Korean industry leaders reflects confidence in the state government’s efforts, including ease of doing business and fiscal incentives.
Mann said that Punjab is the destination for future growth. He argued that many investors are now looking for better living conditions outside overcrowded metros such as Bengaluru, Hyderabad and Ahmedabad. He emphasised that within a 100-km radius of Mohali there are many universities, which means “industry-ready talent is waiting for them in Punjab”, and that the state offers the perfect ecosystem to promote hi-tech and innovation industries.
According to him, visits have generated interest among companies to come to Punjab either through new “greenfield” projects or by expanding existing “brownfield” operations. Among the firms mentioned were Aichi Steel Corp, Toppan Speciality Films, Oji Holdings, Yanmar and Isuzu.
Mann stressed that industry contributes more than 27 per cent to Punjab’s gross value added, with manufacturing growing at 4.6 per cent across domains such as textiles, chemicals and engineering goods. He said his government recognises that revival of the state’s lagging economy depends crucially on industrial investment and plans to further accelerate growth by taking new initiatives for sector-wise industrial policies.
Mann said To capitalise on this investor interest, meetings were held with company representatives from sectors like R&D, electric-vehicle mobility and skill development. These meetings were intended to pave the way for formal commitments. He disclosed that a non-binding memorandum of understanding (MoU) was signed between the state investment promotion agency and Toppan for establishing a skill-excellence centre. He said most of the industrialists they met in Japan and Korea are expected to participate in the next round of investment-seeking efforts during the upcoming Progressive Punjab Investors' Summit, scheduled for March 14–16.
Mann’s statements reflect the state government’s ambition to position Punjab, especially Mohali, as an emerging industrial hub to leverage its human capital, connectivity and favourable policy climate. He said the success of this drive could mark a major turning point in the state’s industrial and economic revival.
Source: The Tribune
