In the 11 months since the Aam Admi Party (AAP) came to power, the state has received investments worth Rs 38,175 crore in various sectors.
In an address to the media, Mann said 2,43,248 jobs were expected to be created as a result of the investments.
During the Investment Summit in Mohali on February 23 and 24, the Punjab investment picture will become clearer. Industry Minister Anmol Gagan Mann was also present for special sessions on agri-food processing, textiles, healthcare, education, tourism, and start-ups.
As part of his efforts to attract investment, Mann visited Germany, Bengaluru, Mumbai, and Hyderabad to meet with industry leaders. Real estate and housing and infrastructure had got investments worth Rs 11,853 crore and would generate 1.22 lakh jobs; the manufacturing sector with Rs 5,981 crore would generate 39,952 jobs; the alloy and steel sector with Rs 3,889 crore was expected to generate 9,257 jobs; the textiles and apparels sector with Rs 3,305 crore would create 13,753 jobs; the agri, food processing and beverages sector with Rs 2,854 crore would provide 16,638 jobs; and healthcare with Rs 2,157 crore would provide 4,510 jobs.
Tata Steel (Fortune 500) has invested in the project, according to the chief minister
Rs 2,600 crore in the secondary steel sector in Ludhiana, Sanathan Polycot was investing Rs 1,600 crore in the man-made fiber sector in Fatehgarh Sahib; Nabha Power (L&T) Rs 641 crore in the power sector in Patiala; Toppan (Japan) Rs 548 crore in the packaging sector at SBS Nagar; Nestle (Switzerland) Rs 423 crore in the food processing sector in Moga; Vardhman Special Steels (Aichi Steel, Japan) Rs 342 crore in the hybrid steel sector in Ludhiana; Freudenberg (Vibracoustics, Germany) Rs 338 crore in the auto and auto components sector at Rupnagar; Bebo Technologies Rs 300 crore in the IT sector at SAS Nagar; HUL (UK) Rs 281 crore in Patiala; and Cargill India (USA) Rs 160 crore in the animal feed sector in Fatehgarh Sahib.
Asked if there were any industrial units migrating from the state to Uttar Pradesh, the CM replied that there were none. As a result of the resumption of coal supplies from the Pachwara mine, the state has become power surplus. Mann said Pakistan had no business having any trade relations with him while it sent drones with drugs and weapons to create cross-border disturbances.
