Chief Minister Bhagwant Mann addresses the media in Chandigarh on Monday. TRIBUNE PHOTO: NITIN MITTAL
Chandigarh, February 13
Chief Minister Bhagwant Mann today said the state had received investments worth Rs 38,175 crore in various sectors after the Aam Admi Party (AAP) came to power 11 months ago.
Addressing the media, Mann said the investments were expected to generate at least 2,43,248 jobs in different sectors.
He said, “The investment picture in Punjab will become clearer after the Investment Summit in Mohali on February 23 and 24. Special sessions will be held on agri-food processing, textiles, healthcare, education, tourism, IT and start-ups.” Industry Minister Anmol Gagan Mann was also present on the occasion.
Mann said he met industry leaders during his visits to Germany, Bengaluru, Mumbai and Hyderabad to seek investment in the state. Real estate and housing and infrastructure had got investments worth Rs 11,853 crore and would generate 1.22 lakh jobs; the manufacturing sector with Rs 5,981 crore would generate 39,952 jobs; the alloy and steel sector with Rs 3,889 crore was expected to generate 9,257 jobs; the textiles and apparels sector with Rs 3,305 crore would create 13,753 jobs; the agri, food processing and beverages sector with Rs 2,854 crore would provide 16,638 jobs; and healthcare with Rs 2,157 crore would provide 4,510 jobs.
The CM said Tata Steel (Fortune 500) was investing
Rs 2,600 crore in the secondary steel sector in Ludhiana, Sanathan Polycot was investing Rs 1,600 crore in the man-made fiber sector in Fatehgarh Sahib; Nabha Power (L&T) Rs 641 crore in the power sector in Patiala; Toppan (Japan) Rs 548 crore in the packaging sector at SBS Nagar; Nestle (Switzerland) Rs 423 crore in the food processing sector in Moga; Vardhman Special Steels (Aichi Steel, Japan) Rs 342 crore in the hybrid steel sector in Ludhiana; Freudenberg (Vibracoustics, Germany) Rs 338 crore in the auto and auto components sector at Rupnagar; Bebo Technologies Rs 300 crore in the IT sector at SAS Nagar; HUL (UK) Rs 281 crore in Patiala; and Cargill India (USA) Rs 160 crore in the animal feed sector in Fatehgarh Sahib.
To a query, the CM said no industrial unit from the state was migrating to Uttar Pradesh. He said the state had taken a leap towards being power surplus after the resumption of the coal supply from the Pachwara mine. On possible trade with Pakistan, Mann said there was no point of any trade relations with Pakistan when it was engaged in creating cross-border disturbances by sending drones with drugs and weapons.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
CBI makes first arrests in NEET-UG paper leak case, nabs 2 suspects from Bihar's Patna
The suspects allegedly provided safe accommodation to aspira...
NEET-UG row: Congress student wing NSUI barges into NTA headquarters, locks its office from inside
The protest comes in the wake of alleged irregularities and ...
Taliban are not terrorists, time that Russia recognises them: Zamir Kabulov
Says they are not fighting with the Ukrainian regime but wit...
NDA open to having Deputy Speaker in Lok Sabha, say sources
There was no Deputy Speaker during the previous Lok Sabha
Jalandhar West bypoll: Shiromani Akali Dal announces support to BSP nominee, disowns its candidate
Move draws sharp reaction from rebel party leaders; say will...
