Mohali: Punjab’s Industry and Commerce, Investment Promotion, and Power Minister Sanjeev Arora on Monday said the state is preparing to become one of India’s most attractive destinations for industry. Speaking at a media interaction in Mohali, Arora announced that the Punjab government is finalising a Private Industrial Park Policy, which he described as one of the most competitive in the country.
“The policy will provide a strong framework for industrial growth,” Arora said. “It will offer modern infrastructure and complete facilities within designated industrial parks. This will make business operations easier, attract investments, and ensure Red Category industries are located safely away from dense population areas.”
The minister also highlighted the Fasttrack Punjab portal, launched on June 10, 2025, to speed up industrial approvals. Of the 1,431 applications received, 684 have already been processed within the stipulated time, while the remaining applications are still under review. “The portal shows our commitment to transparency and efficiency, reducing delays for investors,” he added.
Arora outlined several steps being taken to improve industrial infrastructure. The Punjab Small Industries and Export Corporation (PSIEC) has allocated ₹100 crore to upgrade industrial focal points. So far, tenders worth ₹70 crore have been floated, with the remaining to follow soon.
Arora shared plans to position Mohali as a hub for the semiconductor sector. Infosys has assured an AI-based project in the district within three years, which could create 5,000 jobs. The state government also plans to build Exhibition-cum-Convention Centres in Mohali, Ludhiana, and Amritsar to promote trade and showcase innovation.
To support industrialists, the government has introduced a One-Time Settlement Scheme to resolve long-pending industrial disputes. Arora said the scheme has been a major relief for businesses. Industrialists can also convert leasehold plots into freehold, making financial transactions easier.
The minister added that incentives worth ₹222 crore have already been released this year under the government’s single-window approval system. This system grants approvals within 45 days, and often in just a few days, which significantly speeds up investment processes.
During a review meeting with officials from GMADA, PSPCL, MC Mohali, and other departments, Arora discussed further plans to improve industrial infrastructure. GMADA informed him about a new substation planned on 3.5 acres with an investment of ₹50 crore, aimed at addressing power supply issues in the region.
The Industrial Park Policy and related initiatives are expected to attract both domestic and foreign investment, boost employment, and strengthen Punjab’s economy. By providing modern facilities, streamlined approvals, and financial incentives, the state aims to make it easier for industries to set up and grow.
Arora emphasised that the government is committed to creating an investor-friendly environment. He said the combination of infrastructure development, single-window clearance, and financial incentives will make Punjab one of India’s leading industrial destinations.
The policy also focuses on safety and environmental standards. By segregating Red Category industries from dense population areas, the government aims to reduce risks to public health and the environment while promoting industrial growth.
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With the Fasttrack Punjab portal, investors can submit applications online and receive approvals quickly, ensuring transparency and accountability in the investment process. The portal’s success demonstrates the government’s effort to simplify procedures and encourage industrial expansion.
The government’s plans for Mohali, including the semiconductor project and convention centres, are designed to position the district as a centre of innovation and technology. These initiatives are expected to attract top companies and professionals to the region, further strengthening the industrial ecosystem.
Punjab’s focus on improving infrastructure, providing financial incentives, and resolving disputes promptly reflects a proactive approach to industrial development. By combining these measures with policy reforms, the state is creating a competitive environment that encourages long-term investment and economic growth.
In conclusion, Punjab is taking significant steps to attract big investments through its new Private Industrial Park Policy and related initiatives. With improved infrastructure, fast-track approvals, financial incentives, and strategic planning for districts like Mohali, the state aims to become a preferred destination for industries. These efforts are expected to generate jobs, boost trade, and enhance the overall economic development of Punjab.
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