Eyeing an Investment of ₹75,000 Crore in the Next Financial Year: Sanjeev Arora

Punjab: In a major move aimed at accelerating economic growth within the state, Punjab has set a target of attracting industrial investments worth ₹75,000 crore in the upcoming financial year. Sanjeev Arora—the Minister for Industries, Investment Promotion, Power, and Local Government—stated that the state has already received investment pledges totaling ₹25,000 crore from industrialists who participated in the three-day ‘Progressive Punjab Investors Summit.’ In an interview, he explained that the government had deliberately refrained from signing formal Memorandums of Understanding (MoUs) with investors during the summit. He remarked, “The objective was to showcase our industrial policy and business ecosystem. It is remarkably easy to conduct business in Punjab, and investors have come forward on their own initiative to launch new projects or expand their existing ventures.”
Arora asserted that Punjab achieved a record investment of ₹55,000 crore during the 2025-26 fiscal year—a figure significantly higher than the previous annual record of ₹35,000 crore. He noted that the state’s new industrial policy includes a 50 percent increase in freight subsidies, aimed at boosting exports and attracting investment in the manufacturing sector. He further added that the availability of skilled human resources was another pivotal factor drawing industries to the state. The Minister also highlighted that improving urban infrastructure remains a key priority. “The mountains of solid waste currently visible across our cities will be completely eliminated between October 2027 and March 2028,” he affirmed. “Urban rejuvenation is my personal guarantee, and state-of-the-art machinery is being deployed to achieve this objective.” Addressing the financial health of the state’s power utilities, Arora stated that the decision to lower electricity tariffs was intended to benefit consumers while simultaneously reducing the burden of subsidies on the government. He stated that work is underway on a ₹5,000 crore power infrastructure expansion plan aimed at strengthening transmission lines, reducing losses, and ensuring a reliable power supply across the entire state.