Chandigarh, March 9, 2026 (Yes Punjab News)
Punjab Cabinet Minister for Industries, Commerce & Investment Promotion, Power and Local Government Sanjeev Arora announced that the JL Oswal Group will invest approximately ₹1,550 crore in Punjab over the next three years, reflecting strong confidence in Punjab’s rapidly evolving industrial ecosystem following the launch of the Punjab Industrial & Business Development Policy 2026 by the Punjab Government.
Minister Sanjeev Arora said that the investment demonstrates the growing confidence of industry leaders in Punjab’s improving business climate and the investor-friendly policies introduced by the Punjab Government.
“The ₹1,550 crore investment by the JL Oswal Group is a strong endorsement of Punjab’s progressive industrial policies and the Punjab Government’s commitment to creating a business-friendly ecosystem,” he said, adding that “our new Industrial Policy empowers investors with one of the most comprehensive incentive frameworks in the country, enabling them to choose incentives best suited to their growth plans. Punjab is once again emerging as a preferred destination for industry and innovation.”
He informed that the proposed investment will be spread across multiple sectors including digital infrastructure, textiles, industrial parks, hospitality, apparel manufacturing and renewable energy, which will further strengthen Punjab’s industrial ecosystem.
Sanjeev Arora said that the investment is expected to improve logistics efficiency, expand manufacturing capabilities and generate more than 4,000 direct and indirect employment opportunities in the coming years.
Highlighting the sector-wise investment plan, Minister Sanjeev Arora stated that around ₹500 crore will be invested in digital infrastructure through the development of a modern Edge Data Centre in collaboration with the Essar Ruia Group, which operates globally in digital infrastructure through its technology company Black Box.
“₹450 crore will be invested in the modernisation of the textile industry through the upgradation and expansion of spinning and textile manufacturing facilities to enhance productivity and global competitiveness,” he added.
The Minister further said that ₹400 crore will be invested in the development of logistics parks, industrial parks and supporting infrastructure to strengthen Punjab’s manufacturing and supply-chain ecosystem. “₹100 crore will be invested in the hospitality sector through the development of a new hotel project to support growing business travel and tourism in Punjab,” he added.
Minister bSanjeev Arora said that ₹50 crore will be invested in the establishment of modern garment manufacturing facilities to boost value-added textile production, while another ₹50 crore will be invested in solar and sustainable energy solutions to support green industrial development in Punjab.
Appreciating the leadership of Kamal Oswal, Chairman of the JL Oswal Group, Sanjeev Arora said that the group’s decision to expand investments in Punjab will significantly contribute to Punjab’s industrial growth and economic development.
He said that the JL Oswal Group, led by Kamal Oswal, has a strong industrial and infrastructure presence across Punjab, Madhya Pradesh, Rajasthan, Uttar Pradesh, Bihar, Odisha and Assam, with diversified investments in textiles, logistics parks, industrial infrastructure, renewable energy and hospitality.
The group currently has a combined annual revenue of approximately ₹8,000 crore and continues to play a significant role in regional economic development, industrial growth and employment generation across multiple states.
Gurkirat Kirpal Singh Secretary Industries and Commerce, Kamal Oswal Managing Director of JL Oswal group and Abhinav Oswal Executive Director of JL Oswal were present during the press conference.
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