Chandigarh: Sanjeev Arora, the Punjab minister for industries and commerce, investment promotion and power, on Friday said JSW Group chairman Sajjan Jindal had announced an investment of Rs 1,500 crore in the Punjab’s steel sector at Rajpura.After holding a meeting with industrialist Sajjan Jindal in Mumbai, Arora said Jindal further conveyed the JSW Group’s intent to explore additional investments across its diversified verticals in Punjab.“The proposed investment is expected to significantly strengthen the state’s manufacturing base, deepen the steel value chain, and generate substantial direct and indirect employment opportunities in the region,” said Arora, adding that Jindal also confirmed his presence at the inaugural session of the Invest Punjab Summit scheduled to be held on March 13 at Plaksha University in Mohali.Arora said: “Encouraged by the state’s policy direction and facilitation approach, Jindal expressed keen interest in exploring opportunities in defence manufacturing, the automobile sector and renewable energy projects in Punjab.”During the meeting, Arora emphasised: “The state offers a strategic location with excellent connectivity to northern markets, a robust MSME ecosystem, skilled manpower, and well-developed industrial clusters across sectors such as steel, auto components, textiles, sports goods, food processing and light engineering.”The minister also underlined: “Punjab’s consistent recognition as a ‘top achiever’ in the ease of doing business reforms and the state’s progressive single-window clearance mechanism that ensures time-bound approvals and investor facilitation.”He informed that the Govt of Punjab was in the advanced stages of finalising a new, robust and future-ready industrial policy aimed at catalysing next-generation manufacturing and technology-led investments.The upcoming policy, he said, would focus on providing competitive fiscal incentives, plug-and-play industrial infrastructure, sector-specific parks, faster clearances, logistics efficiency, and strong policy support for sunrise sectors such as defence manufacturing, electric mobility, advanced materials, renewable energy and high-end engineering.“Special emphasis is being laid on promoting value-added manufacturing, boosting exports, and creating large-scale employment for the youth of Punjab,” said Arora.MSID:: 128613823 413 |
