Inaugurating the Punjab State Pavilion and addressing the Punjab session during Bharat Tex 2026 in New Delhi, the Chief Minister said that a new Industrial and Trade Development Policy has been introduced by the Punjab Government to promote investment, employment and exports and time bound approvals are being ensured through single window and single PAN systems.
Bhagwant Maan Said that Punjab has attracted investment of Rs 2 lakh crore in the last four years and created five lakh employment opportunities. He further said that the state government considers entrepreneurs as partners in the development of the state and bureaucratic hassles have been eliminated through the red tape system.
Advanced textile manufacturing and industrial investment
He said that the state government is fully committed to make Punjab the country’s favorite destination for advanced textile manufacturing and industrial investment. Addressing the Punjab State Session during Bharat Tex 2026, Chief Minister Bhagwant Mann said, earlier industrialists were considered as ATMs by the previous governments, but the ‘AAP’ government has made them equal partners in the socio-economic progress of the state. Punjabis have been blessed with a unique spirit of hard work, dedication and patriotism.
Due to these qualities, Punjabis have struggled in every field. The sole purpose of remembering these things is to introduce our young generations to the magnificent and rich cultural and historical heritage of the state. The Chief Minister said, today Punjab has the best entrepreneurial culture, best manufacturing capacity, best skilled staff, integrated value chain and strategic location. I invite industry leaders, investors, innovators, global brands and technology companies to become partners in the development of Punjab.
Punjab has five power generation plants and the state uses 70 lakh metric tonnes of coal from its dedicated coal mine at Pachwara to generate electricity.
The Chief Minister said that industrial development can be possible only with cooperation between the government and industries. He said, I am confident that the industrial sector can progress only when the government and industry work shoulder to shoulder. Therefore investors and entrepreneurs are the main pillars of Punjab’s industrial future. Punjab’s strong investment ecosystem offers affordable power tariffs, land amenities and an investor-friendly environment.
efficient single window system transparent
Punjab ranks first in ease of doing business and services are being provided in a transparent manner through an efficient single window system. With the concerted efforts of the state government, Punjab has become the first state to pass the Right to Business Act.
Chief Minister Bhagwant Mann said, Punjab is the ‘land of opportunities’, where world famous companies are eager to set up their business. Earlier, politicians used to put pressure on industrialists to take part in their business, due to which industries moved away from the state and Punjab lagged behind in the field of economic development, putting its progress and prosperity at risk. After assuming power in the year 2022, the state government led by me has taken many revolutionary initiatives, due to which Punjab is now emerging as a leader in every field.
Welcoming the delegates to the Punjab State Session during Bharat Tex 2026, the Chief Minister said, Bharat Tex is not just an exhibition of products, but a platform where India’s textile future is being charted, partnerships are being established and new opportunities are being created. Punjab is participating as a partner state in Bharat Texas because textile is not just an industry for the state, but is a part of the state’s identity, heritage and economic potential. For generations, Punjab has woven not only textiles but also livelihood, entrepreneurship and prosperity.
Integrated ecosystem for farmers, entrepreneurs
Highlighting the contribution of farmers, entrepreneurs, MSMEs, workers and industrial giants, Chief Minister Bhagwant Mann said, this integrated ecosystem has been created by the decades of hard work of our farmers, entrepreneurs, MSMEs, workers and industrial houses. Today Punjab is one of the leading textile destinations of India and with textile exports of over US$ 1.2 billion during the financial year 2024-25,
Contributes about 4 percent to India’s textile and clothing exports. The state’s products reach customers across the world, including the United States, UAE, UK and many other world markets. This not only reflects the quality of our products but also reflects the confidence of global buyers in Punjab’s manufacturing capabilities.
The Chief Minister said Punjab is home to some of India’s most renowned textile companies, including Vardhman, Sanatan Textiles, Nahar, Monte Carlo, Ganga Acrowool, Sportking, Shingora and Octave, all of which have set world-class benchmarks in quality and innovation.
He said thousands of MSMEs are the backbone of Punjab’s textile economy and their entrepreneurial spirit has transformed the state into one of India’s strongest manufacturing ecosystems. He said, when people think of Punjab’s textile industry, one city that immediately comes to mind is Ludhiana, which is the largest textile and knitwear cluster in northern India. It is a matter of great pride and satisfaction that the city contributes about 90 percent of India’s woolen knitwear and about 65 percent of the country’s hosiery production.
State of high-performance sportswear
The Chief Minister said that Punjab has huge potential in technical textiles, industrial textiles, medical textiles, protective textiles, geotextiles, sustainable fibres, smart fabrics, functional apparel, high-performance sportswear as well as research and innovation.
He said Punjab has internationally recognized manufacturing clusters and an intergenerational pool of skilled entrepreneurs and workers who understand the textile sector better than anyone else. He further said, the Punjab government is fully committed to creating a suitable ecosystem to take industrial development to the next level. The state government has recently launched the Punjab Industrial and Business Development Policy 2026, which has been meticulously drafted after consultations with stakeholders.
Cabinet Minister Aman Arora and others were also present on this occasion.
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