Ludhiana, April 7 Punjab Industries Minister Sanjeev Arora said on Tuesday that an exhibition center will be constructed on a 10-acre piece of land near the Jalandhar Bypass, and work on this will be completed within a year.
Arora stated this during an interaction with leading industrialists here today.
Addressing the industrialists, the minister said it is a moment of great pride that under the leadership of Chief Minister Bhagwant Mann, Punjab has witnessed the highest-ever investment in its history for the year 2025-26, with commitments worth Rs 60,256 crore, which would create 1.35 lakh jobs for youth.
"Our target for next year will be Rs 75,000 crore, and we are sure that we will surpass this target," he said.
Speaking to the media after the interaction, the minister said that Punjab has emerged as one of the most preferred destinations for investors.
Major industrial groups, including the JSW Group and the Mittal Group, have announced investments worth Rs 3,000 crore and Rs 2,600 crore respectively.
Arora announced that the Punjab government will roll out a new industrial park policy within a month, under which large industrial parks spread across at least 25 acres will be developed in the state.
Industrialists and real estate developers will jointly participate in the development of these parks, while investors will get all necessary approvals simply by registering for investment in these projects, he said.
Describing the policy as a game-changer, Arora said that industries shifting to these new parks will receive major incentives.
Existing industries adopting zero liquid discharge norms will be eligible for incentives up to Rs 10 crore, while new industries will receive 100 per cent incentives.
Similarly, industries setting up paddy straw boiler plants will receive incentives of up to Rs 7.5 crore, he said.
A new operation and maintenance policy has already been approved by the Cabinet, under which industrialists themselves will collect maintenance charges and use the funds for the upkeep of focal points and industrial hubs.
Punjab's newly launched industrial policy has been crafted keeping all stakeholders on board.
Reacting to a query regarding law and order in focal points and industrial areas, he said that 29 new PCR vehicles have been added to the existing lot, and patrolling in these areas will be intensified.
Replying to another query regarding mixed land use areas of Ludhiana, Arora assured that the Punjab government is very close to finding a permanent solution to the issue.
He also said that all roads in focal points, industrial areas, as well as main roads in all cities across, are being re-carpeted, and the work is expected to be completed by May.