Punjab Industrial Policy 2026 targets 10 new industrial parks, 1,000 startups and a 32% manufacturing sector share by 2030 under CM Bhagwant Mann.
- New Industrial and Business Development Policy 2026 promises faster approvals, new infrastructure and a push into technology-led growth
Under the leadership of CM Bhagwant Mann Punjab has laid out an ambitious blueprint to expand its industrial base, with plans for ten new industrial parks, more than 1,000 incubated startups and a larger share of manufacturing in the state economy by 2030, according to its Industrial and Business Development Policy 2026.
The policy says the state wants to become India’s leading destination for manufacturing and services, powered by innovation, advanced technologies and sustainable practices. It also aims to attract global investment, create high-value jobs and build a workforce equipped with world-class skills.
Targets to 2030
The headline goal is to raise the secondary sector’s share in Punjab’s Gross State Value Added (GSVA) from 27 per cent to 32 per cent by 2030. The document also commits the government to establishing ten new industrial parks and ten state-of-the-art incubation centres, with links to institutions such as IIT Ropar and IIM Amritsar.
Other stated objectives include boosting the economic potential of the Kandi area, spreading manufacturing and service activity to every district, and building logistics, warehousing and cold storage capacity, including logistics parks and multi-modal hubs, to cut costs and improve supply chain efficiency. The policy also seeks to align state priorities with central government initiatives for micro, small and medium enterprises (MSMEs) and to promote exports.
Where Punjab starts from
The policy describes a state that covers 50,362 square kilometres and is home to more than three crore people. With about 1.5 per cent of India’s land area, Punjab contributes 2.5 per cent of national GDP, with a Gross State Domestic Product of USD 89.33 billion in 2023-24.
Its industrial footprint includes 52 industrial focal points, three operational Special Economic Zones and 1,974.53 hectares of available industrial land. On power, the document cites installed capacity of about 14,747 MW in 2023-24, of which 33 per cent comes from renewable and hydro sources. It says transmission and distribution losses are limited to about 14 per cent, against a national average of nearly 20 per cent, and describes Punjab as an energy-surplus state with some of the lowest industrial tariffs among its neighbours.
Faster approvals
Ease of doing business is described as a cornerstone of the strategy. The policy notes that Punjab was named a Top Achiever in the DPIIT Ease of Doing Business rankings in November 2025, across five reform areas: business entry, construction permit enablers, investment facilitation, healthcare sector reforms and services sector reforms.
also read:- Punjab Hosts Asian Hockey Championship For First Time; CM Bhagwant Singh Mann Inaugurates Tournament
Among the reforms listed are digital single-window approvals within 45 working days, a Digital Revenue Feasibility Certificate within 15 working days, and auto-deemed approvals and self-certification for MSME units. Under the Punjab Right to Business Act, units with investments of up to Rs 125 crore can receive in-principle approval on self-declaration within five working days. A single platform covers more than 120 regulatory clearances from over 20 departments, and a Digital Incentive Disbursal System is meant to speed up the release of incentives.
New infrastructure on the cards
The state is developing a 1,000-acre Integrated Manufacturing Cluster in Rajpura. It is also working on sector-specific projects, including a Hi-Tech Cycle Valley, an IT City in Mohali and a Medicity in New Chandigarh. A Private Industrial Estate Policy is meant to encourage private developers, and the government says it intends to notify an Operations and Maintenance Act so that industry can take a bigger part in maintaining industrial focal points.
Logistics is another pillar. The policy lists two air cargo terminals, five inland container depots, eight container freight stations, 78 railway goods sheds and three multimodal logistics parks, along with cold storage capacity of 2.35 million metric tonnes and warehousing capacity of 5.5 million metric tonnes.
Sectors to watch
Punjab’s existing strengths are central to the plan. The document says the state hosts the world’s largest tractor manufacturing facility and accounts for nearly 75 per cent of India’s
bicycle production and 92 per cent of bicycle component manufacturing. In textiles, it claims 65 per cent of the country’s hosiery output and 95 per cent of woollen manufacturing, and says the sector is moving towards technical textiles, premium garments and home furnishings. Sports goods and fitness equipment makers are also expected to shift towards higher-value, precision-engineered products.
Alongside these traditional sectors, the policy gives prominence to technology. Mohali is positioned as a hub for IT, electronics manufacturing and semiconductors, with the government promising infrastructure for IT services, engineering design, research labs, data centres and Global Capability Centres. Incubation centres are expected to focus on areas such as agritech, edutech, cleantech, artificial intelligence, robotics, semiconductors and electric mobility.
Jobs and inclusion
The policy ties industrial growth to employment. It promises industry-linked skilling for young people, women and marginalised communities in all districts, and says the startup and MSME ecosystem should reach border, rural and backward areas. It points to a labour force in which nearly 70 per cent of the population is of working age, and describes a stable industrial relations climate with no strikes or lockouts and provision for round-the-clock operations.
For More Hindi News: http://newz24india.com