Anmol Gagan Mann, the minister of Punjab Investment Promotion, announced on Thursday that the state has been successful in securing investments of more than Rs 3,200 crores in the apparel, technical textiles, and textiles industries over the previous nine months.
She claimed that a number of well-known businesses, including Sanatan Polycott and Nahar Spinning Mills, are among the investing firms. She claimed that the investment of Rs 3200 crores in the textile industry will probably lead to the creation of jobs for more than 13,000 qualified individuals.
She emphasised that this investment serves as a showcase for the state government’s efforts to build a business-friendly industrial ecosystem in the state.
The cabinet minister explained that Punjab’s connectivity in terms of roads, railways, and airways, friendly labour relations with no domicile restrictions, and uninterruptible power supply all provide a conducive environment for businesses looking to set up their operations there. These factors, along with the capable leadership of the Chief Minister, make Punjab an attractive location for business establishment.
