Punjab Chief Minister Secures Major Investments: Sun Pharma, Sify Technologies, JSW, and RPG Group to Boost State’s Economy

Punjab Chief Minister Secures Major Investments: Sun Pharma, Sify Technologies, JSW, and RPG Group to Boost State’s Economy

In a significant boost to Punjab’s industrial landscape, Chief Minister Bhagwant Singh Mann has secured major investment commitments from top companies during his recent visit to Mumbai. Leading industry players, including Sun Pharmaceutical Industries Ltd, Sify Technologies, JSW Steels, and RPG Group, have expressed strong interest in expanding their operations in the state.

During the meetings, Chief Minister Mann showcased Punjab’s potential as an emerging industrial hub, emphasizing its strategic advantages and conducive business environment. He highlighted the state’s commitment to providing uninterrupted power across residential, commercial, and agricultural sectors, and invited companies to leverage Punjab’s robust infrastructure, skilled workforce, and progressive industrial policies.

**Sun Pharmaceutical Industries Ltd** has shown a keen interest in expanding its existing Taunsa project. CEO of Active Pharmaceutical Ingredients (API) Business, Damodharan Satagopan, praised Punjab’s supportive business environment and efficient governance. Sun Pharma, with an annual turnover of ₹48,496 crore, plans to broaden its operations through new ventures and partnerships, enhancing the state’s pharmaceutical sector.

Sify Technologies is set to invest ₹1,500 crore in establishing an AI-based Horizontal Data Centre in Mohali. Daleep Kaul, President of Sify Technologies, announced the decision to set up a dedicated data center in the first phase, reflecting the company’s confidence in Punjab’s technological and infrastructural capabilities.

JSW Group will invest ₹1,600 crore to expand its steel coating operations. Amarjit Singh Dahiya and Ashwani Kumar Sharma of JSW Steel Coated Products Ltd confirmed the acquisition of 28.17 acres adjacent to their existing plant in Rajpura. This investment will enhance the company’s production capabilities and contribute to the state’s industrial growth.

RPG Group also expressed a strong desire to invest significantly in Punjab. Anant Goenka, Vice Chairman of RPG Group, appreciated the state’s single-window clearance system and indicated plans to expand CEAT’s presence in Punjab. The group’s investment will further strengthen Punjab’s industrial infrastructure.

Chief Minister Mann extended a warm invitation to these industry leaders, assuring them of the state government’s support for innovative projects and industrial growth. The new investments are expected to generate employment opportunities and foster economic development across Punjab.

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