Over ₹9,200 cr investment announced at Progressive Punjab Investors’ Summit

Investment commitments worth over ₹9,200 crore were announced by industry leaders during the concluding day of the Progressive Punjab Investors' Summit 2026 held in Mohali on Sunday, signalling renewed industrial confidence in Punjab.

Kamal Oswal, chairman of Nahar Group , announced an investment of ₹1,500 crore for the modernisation of the group’s existing textile units, expansion of renewable energy projects and the establishment of a data centre in Mohali. Addressing the gathering, Oswal said the three-day summit highlighted that Punjab is once again ready for industry, investment and economic growth.

He said the summit demonstrated that Punjab is emerging as an attractive investment destination with several leading industrial houses announcing major proposals that are expected to generate employment opportunities and strengthen industrial development in the state. Oswal added that while Punjab’s industrial growth had slowed in the past and industries had begun looking outside the state, renewed confidence has returned due to efforts to create a more investor-friendly environment.

Industry representatives from different sectors also appreciated the initiatives taken by the state government to promote investments and industrial expansion .Gagan Khanna, managing director of Arisudana Industries , thanked the Punjab government for its continued support to the industry and expressed confidence that the state would soon witness rapid industrial growth.

P J Singh, managing director of Tynor , described the summit as an important platform to showcase the state’s investment potential. He also announced that the company would invest ₹1,000 crore in Punjab over the next three years.

In the education sector, Rudra Pratap, vice chancellor of Plaksha University , said ₹950 crore had already been committed to developing a world-class university focused on innovation and research. He further announced plans for an additional ₹5,000 crore investment to strengthen technology, entrepreneurship and human capital in the state.

Meanwhile , Amit Thapar of Ganga Acrowools Ltd announced an investment of ₹750 crore. Ashish Kumar of Vervio India highlighted that the company’s paddy straw-based unit in Punjab is the largest in the country, producing 33 tonnes of compressed biogas.

The summit was attended by Chief Minister Bhagwant Mann along with several prominent industrialists including Kamal Oswal, Gagan Khanna, P J Singh, Ajay Datani of Sanatan Polycot, Amit Thapar and Ashish Kumar, who discussed investment opportunities and expansion plans aimed at strengthening Punjab’s industrial ecosystem and boosting economic growth.