“Invest Punjab” Portal Ranked First Among 28 States

Nearly 58,000 New Small and Medium Industries Registered. The Punjab government, under the leadership of Chief Minister Bhagwant Singh Mann, is committed to supporting industrialists and fostering business growth across the state.

Punjab offers a peaceful and business-friendly environment for investment. The state government has introduced industry-friendly policies, enabling small and medium entrepreneurs to start businesses with a simple affidavit and complete documentation within three years. A similar streamlined process for large industries is under consideration.

The state’s “Invest Punjab” portal leads the nation, ranking first among 28 states for its performance. Over the past two and a half years, nearly 58,000 new small and medium industries have been registered, setting a record. Investments exceeding ₹86,000 crore have been made during this period, with intensified efforts underway to achieve even greater milestones.

Of Punjab’s 52 focal points, 26 have been handed over to municipal corporations or committees. Efforts are being made to equip these areas with world-class facilities, with plans to develop five focal points as role models in the first phase. These focal points are set to undergo a significant transformation. Work is progressing on Punjab’s new Information Technology (IT) policy, scheduled for implementation by mid-next year. Under this policy, Mohali is poised to become the IT hub of North India, creating approximately 55,000 job opportunities for IT professionals.

The government has actively engaged with entrepreneurs, associations, industry chambers, and industrial groups, incorporating their suggestions into new policies and plans. With these measures, Punjab’s industrial sector is expected to grow rapidly, attracting further investments and driving economic progress.

Note: The article is written by the Brand Desk.