Punjab CM Bhagwant Mann announces mega investments after a successful tour of Japan and South Korea, highlighting Mohali as the future industrial hub.
Punjab Chief Minister Bhagwant Mann has revealed that significant industrial investments are on the horizon for the state following his recent tour of Japan and South Korea, where he actively sought investment opportunities. Speaking about the overwhelming investor response during the tour, CM Mann highlighted Mohali as the “most preferred destination” for future industrial growth.
Mohali: The Future Hub for Industrial Growth
CM Bhagwant Mann presented Mohali as the perfect location for industries looking to expand, noting its excellent universities, highly skilled workforce, and strong infrastructure. He emphasized the city’s superior air, rail, and road connectivity, which make it an ideal alternative to over-congested cities like Bengaluru, Hyderabad, and Ahmedabad. Mann said, “New investors seek better living conditions, and Mohali is ready to welcome those looking for a destination to thrive and grow.”
Positive Response from Japanese and Korean Investors
Throughout his 10-day tour, CM Bhagwant Mann met with top industrial leaders from Japan and South Korea, who were impressed by the ease of doing business and the fiscal incentives Punjab offers to investors. He emphasized that within a 100 km radius of Mohali, there are many universities and industry-ready talent waiting to collaborate. The Japanese and South Korean companies, known for their cutting-edge technology, see Punjab’s ecosystem as a place that fosters innovation and high-tech industries. This collaboration between technology and talent will be pivotal in driving the state’s industrial progress.
Boosting Punjab’s Industrial Sector
The industrial sector contributes over 27% to Punjab’s gross value added (GVA), with a growth rate of 4.6% in manufacturing. The state has strong presence in industries like textiles, chemicals, and engineering goods. CM Mann emphasized that industrial investment is key to revitalizing Punjab’s economy and achieving sustainable growth. The Mann government is actively working to create favorable industrial policies to attract more investment across various sectors.
Key Investor Meetings and Future Collaborations
During the tour, CM Mann and Industry Minister Sanjeev Arora met with representatives from leading companies in research and development, EV mobility, and skill development initiatives. Notable companies like Honda Motor Co. expressed interest in component manufacturing, while a non-binding MoU was signed between Invest Punjab and Toppan for a skill excellence centre. Several Korean companies, such as Nogshim, also showed positive interest in setting up operations in Punjab.
Upcoming Investment Summit in March 2026
CM Bhagwant Mann revealed that many of the industrialists he met during his visits will be attending the Progressive Punjab Investment Summit scheduled between March 14 and 16, 2026. This event will provide a platform for potential investors to explore collaboration opportunities in Punjab, further accelerating the state’s industrial growth.
Conclusion: A New Era for Industrial Development in Punjab
With the state’s growing industrial potential and the positive investor response from Japan and South Korea, Punjab is poised for a new era of industrial development. CM Bhagwant Mann’s efforts to bring in mega investments will pave the way for the state to become a major player in the global industrial landscape.
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