Punjab Secures Rs 1,550 Crore Investment Commitment from JL Oswal Group
Punjab has attracted a major investment commitment of Rs 1,550 crore (about US$ 168 million) from the JL Oswal Group over the next three years, aimed at strengthening the state’s textile and industrial ecosystem.
The announcement was made by Sanjeev Arora, the state’s Minister for Industries, Commerce and Investment Promotion. According to the government, the investment will span digital infrastructure, textiles, industrial parks, hospitality, apparel manufacturing and renewable energy and is expected to generate over 4,000 direct and indirect jobs.
A significant portion of the investment around Rs 450 crore, will be directed towards modernising and expanding spinning and textile manufacturing facilities, enhancing the sector’s efficiency and global competitiveness.
In addition, Rs 400 crore will be invested in logistics parks, industrial parks and supporting infrastructure to strengthen the state’s manufacturing and supply chain ecosystem. The plan also includes Rs 50 crore for setting up modern garment manufacturing units to boost value-added textile production.
Another Rs 50 crore has been earmarked for solar and sustainable energy projects, supporting greener industrial development in the state.
Arora said the investment reflects growing industry confidence following the launch of the Punjab Industrial & Business Development Policy 2026, which offers an extensive incentive framework to attract investors. He added that the development reinforces Punjab’s position as an emerging hub for manufacturing and innovation.
