Punjab Chief Minister Bhagwant Singh Mann on Wednesday chaired a high-level meeting to review arrangements for the Progressive Punjab Investment Summit, scheduled to be held from March 13 to 15 in Mohali.
He described the upcoming event as a decisive step toward accelerating industrial growth and positioning Punjab as a leading global investment destination.
Addressing senior officials, the Chief Minister said the summit would serve as a catalyst to further strengthen the state’s industrial base.
“The Progressive Punjab Investment Summit will give a major boost to industrial development in the state, which has already emerged as a preferred investment destination globally,” he said, adding that the event would provide a strong platform to reshape Punjab’s economic trajectory.
Emphasising the importance of collective deliberations, Mann said that extensive discussions with leading domestic and international industrial players would help evolve a consensus-driven, pro-industry action plan.
“After marathon discussions with global industry leaders, we will chart a comprehensive roadmap for sustained industrial growth in Punjab,” he stated.
Praising the entrepreneurial spirit of Punjabis, he remarked that their resilience and determination have enabled them to excel worldwide.
Highlighting the theme of the summit – “Punjab Means Business: Policy to Practice,” the Chief Minister said the government has undertaken extensive outreach efforts to attract investors. Roadshows have already been organised in Gurugram, New Delhi, Bengaluru, Hyderabad, Chennai and Mumbai, as well as in countries such as Japan and South Korea. The summit will feature inaugural and valedictory sessions, country-specific sessions, plenary discussions and sector-focused interactions.
Terming the event a significant opportunity for investors, Mann said the summit would showcase Punjab’s competitive advantages and investor-friendly policies, including some of the most attractive incentives in the country. He noted that the government has received an encouraging response from leading industrial houses in India and abroad.
Reiterating his government’s vision, the Chief Minister said Punjab’s agriculture sector, while historically strong, has reached a plateau, making large-scale industrialisation essential for revitalising the state’s economy.
“Massive industrial growth is the key to rejuvenating the stagnated economy and creating employment opportunities for our youth,” he asserted.
Mann said the state government has introduced several path-breaking initiatives to transform Punjab into the most preferred investment destination. So far, investment proposals worth ₹1.50 lakh crore have been secured, which are expected to generate around 5.20 lakh jobs.
Leading companies, including Tata Steel and Sanatan Textiles, are among those showing keen interest in investing in the state.
On reforms, the Chief Minister highlighted the introduction of green stamp paper for the registration of sale deeds, aimed at ensuring faster and smoother regulatory clearances for industrial projects. He said Punjab offers a congenial industrial climate supported by a skilled workforce capable of meeting the demands of modern industry.
Underscoring the importance of energy security, Mann said power is the engine of growth and that the state has taken significant steps to become power surplus, thereby ensuring uninterrupted supply for industries. He further noted that top industrial leaders from across India and abroad are expected to participate in the summit to finalise investment plans.