Punjab Chief Minister Bhagwant Mann has secured a series of high-profile investments for the state, following his strategic meetings with leading business magnates in Mumbai on Wednesday. The engagements saw enthusiastic responses from industry giants such as Sun Pharmaceutical Industries Limited, RPG Group, Sify Technologies, and JSW Group — all expressing strong interest in expanding their operations in Punjab. These commitments are poised to significantly boost the state's industrial landscape, driving economic growth and creating new opportunities for its residents.
 
During his meetings, CM Mann positioned Punjab as a prime destination for industrial investments, emphasizing the state’s conducive business environment, skilled workforce, and robust infrastructure. He highlighted the state’s communal harmony, peace, and amity as key factors contributing to its rapid emergence as a leading industrial hub in India. Mann assured the corporate leaders that the Punjab Government is dedicated to providing uninterrupted power supply across all sectors — residential, commercial, and agricultural — recognizing that power is the engine of growth.
 
Sun Pharmaceutical Industries Limited — a major player in the pharmaceutical sector, expressed keen interest in expanding its existing operations in Punjab. Damodharan Satagopan, CEO of Active Pharmaceutical Ingredients (API) Business at Sun Pharma, praised the state’s pro-industrial policies and favorable business climate. He highlighted Punjab’s strategic advantages, including its infrastructure, professional bureaucracy, and skilled workforce, which make it an ideal location for pharmaceutical operations.
 
Satagopan revealed that Sun Pharma is exploring opportunities for business expansion through in-licensing, mergers and acquisitions, and strategic partnerships with world-renowned academic institutions. The company, with an annual turnover of Rs 48,496 crore, currently operates in Toansa, Balachaur (SBS Nagar), and Mohali (SAS Nagar) and sees Punjab as a key area for future growth.
 
The RPG Group, a diversified conglomerate with interests ranging from infrastructure to technology, also signaled its intent to invest significantly in Punjab. Group’s vice chairman Anant Goenka commended the state’s single-window system, which streamlines the investment process by providing a single point of contact for addressing all challenges faced by industrialists.
 
Goenka emphasized that CEAT, a leading tire manufacturer under the RPG Group, is considering significant expansion in Punjab, viewing the state as a pivotal hub for its growth ambitions. The group’s existing investments in South and West India have been successful, and Punjab is now seen as the next strategic location for growth.
 
Sify Technologies, a leader in IT and digital services, has announced plans to invest Rs 1,500 crore in Punjab by setting up a dedicated Artificial Intelligence (AI)-based horizontal data center in Mohali. Its president Daleep Kaul confirmed the company’s commitment to establishing this cutting-edge facility, which will cater to the growing demand for digital infrastructure in the region. The investment is expected to bolster Punjab’s position as a leading technology hub in North India, attracting further investments in the IT sector.
 
In another significant development, JSW Group, one of India’s largest conglomerates, has agreed to invest Rs 1,600 crore in expanding its operations in Punjab. The group plans to set up a new unit on 28 acres of land adjacent to its existing plant in Rajpura. Business Heads Amarjit Singh Dahiya and Ashwani Kumar Sharma of JSW Steel Coated Products Limited conveyed that this expansion will enhance the company’s capacity to meet the growing demand for steel products in the region, further solidifying Punjab’s role as a key industrial hub.
 

Investment Plans
•         Sun Pharmaceutical Industries Ltd: Expanding its existing Taunsa project
•         RPG Group (CEAT): Planning significant investments, particularly in Jalandhar
•         Sify Technologies: Investing Rs 1,500-cr in an AI-based data center in Mohali
•         JSW Group: Setting up a new steel unit in Rajpura on 28 acres with an investment of Rs 1,600-cr