Punjab CM Bhagwant Mann meets industry captains in Mumbai, bags mega projects
Mumbai, August 21
Punjab Chief Minister Bhagwant Mann on Wednesday firmed up major investment projects for the state, with leading companies like Sun Pharmaceutical Industries Ltd, RPG, Sify Technologies and JSW group expressing their willingness to invest in the state.
During the meeting with industry captains, Mann showcased Punjab as a land of opportunities and invited them to invest in the state. Entrepreneurs would be immensely benefited by investing in the state, which was rapidly emerging as the industrial hub of the country, he said.
Major commitments
- Sun Pharmaceutical Industries Ltd has expressed interest in expanding the Taunsa project in Nawanshahr
- RPG Group willing to expand CEAT’s operations
- Sify Technologies Ltd to set up data centre in Mohali in first phase and invest ~1,500 crore in artificial intelligence
- JSW Group to make further investments worth ~1,600 crore
The Chief Minister said knowing well that power was the engine of growth, the state government was providing uninterrupted electricity to every sector, be it residential, commercial or agriculture. He urged company representatives to make optimum use of the congenial atmosphere in the state, backed by excellent infrastructure, power, skilled human resources and best industrial and work culture. Extending a red carpet welcome to the industrialists, Mann said the government was open to new ideas and innovations to boost industrial growth in the state.
During a meeting with the Chief Minister, CEO of Active Pharmaceutical Ingredients (API) Business (Sun Pharmaceutical Industries Ltd) Damodharan Satagopan expressed the company’s interest in investing significantly in Punjab, citing the state’s conducive business environment and proactive governance. He highlighted Punjab’s strategic advantages, skilled workforce, infrastructure and professionalism of bureaucracy that made it an attractive destination for pharmaceutical industries. The company, he said, was interested in expanding its existing Taunsa project due to pro-industrial policies of the government.
Earlier, Satagopan informed Mann that the company had an annual turnover of Rs 48,496 crore and was currently operating at Taunsa (Nawanshahr) and Mohali.
Meanwhile, Vice-Chairman of RPG Group Anant Goenka appreciated the single-window system in Punjab as a solution to all issues faced by the industrialists. Expressing his willingness to invest in Punjab, he said CEAT had expansion plans.
President of Sify Technologies Ltd Daleep Kaul said the company had decided to set up a dedicated/captive data centre in Mohali in the first phase and invest Rs 1,500 crore in artificial intelligence. JSW Group agreed to make further investments worth Rs 1,600 crore in the state.
