Punjab Chief Minister Bhagwant Singh Mann on Thursday asserted that Punjab is witnessing a decisive turnaround in its industrial fortunes, with global investors returning to the state after years of extortion and arm-twisting that had driven industry away before 2022. Speaking after performing the groundbreaking ceremony of Infosys’ 286 crore campus in Mohali, the Chief Minister stated the project alone will generate direct employment for 2,700 youth and thousands of indirect jobs.
The Chief Minister highlighted that the Punjab Government has already attracted investment proposals worth more than 1,55,000 crore since March 2022, creating employment opportunities for over 5,44,000 young people. He added that the upcoming Progressive Punjab Investment Summit from March 13 to 15 in Mohali will mark a defining moment for the state’s industrial resurgence, with the next three days set to script a new success story for Punjab’s economic growth.
Welcoming representatives of the global technology company Infosys, Punjab Chief Minister Bhagwant Singh Mann thanked them for expressing confidence in the Punjab Government’s industry-friendly policies. He also recalled the immense contribution of Infosys founder N. R. Narayana Murthy to the economic progress of the nation.
Describing Narayana Murthy as a legendary figure widely known as the father of the Indian IT sector, CM Bhagwant Singh Mann said, “It is a matter of immense pride and satisfaction that this legendary figure is widely known as the Father of the Indian IT Sector. Today is a red-letter day as the Ground Breaking Ceremony of Infosys’ new project worth 286 crore is being held in Mohali. This project will provide direct employment to 2,700 youth while thousands of indirect employment opportunities will also be generated.”
The Chief Minister stated, “Under this project, an Integrated Campus will be established in the first phase which will include a Software Development Block, Food Court and other facilities. The campus will have a built-up area of 3,50,000 square feet with a seating capacity of 3,000 people. The Punjab Government will extend fulsome support and cooperation to Infosys for this project, which will encourage more companies to invest in Punjab and create greater employment opportunities for our youth.”
Highlighting the global stature of Infosys, CM Bhagwant Singh Mann noted, “Infosys is a globally renowned company in technology and digital services and currently has 3,37,034 employees worldwide. In the financial year 2025-26, the company has recorded revenue of 15.12 billion dollars in the first nine months. Punjab has now emerged on the global industrial map.”
The Chief Minister also shared, “On March 20, the country’s second-largest Tata Steel project worth 3,200 crore will be inaugurated in Ludhiana. This ambitious project will provide employment to 2,500 youth and accelerate the economic growth of Punjab.”
He revealed that since March 2022 Punjab has received investment proposals worth more than 1,55,000 crore which will generate employment for 5,44,000 youth.
The Chief Minister said, “The Punjab Industrial and Business Development Policy-2026 will provide major incentives to investors, create employment opportunities for youth, empower women and support entrepreneurs in starting new businesses.”
He added that global companies such as Nestlé, Claas, Freudenberg Group, Cargill, Verbio and Danone have already established their units in Punjab, while investments are also coming from developed countries including Japan, the USA, Germany, the UK, the UAE, Switzerland, France and Spain.
Inviting investors to participate in the Progressive Punjab Investment Summit, he described the upcoming three days as extremely important for the future of Punjab. “The Progressive Punjab Investors Summit is being organized in Mohali from March 13 to March 15. The coming three days are very important for the state,” stated CM Bhagwant Singh Mann.
He also remarked that before 2022 industrialists faced arm-twisting and extortion which forced many industries to leave Punjab, hampering the state’s economic growth. “After assuming charge in 2022, the Punjab Government has taken several revolutionary and path-breaking initiatives due to which Punjab has now emerged as a frontrunner in every field,” added CM Bhagwant Singh Mann.
Cabinet Minister Sanjeev Arora and Rajya Sabha MP Vikramjeet Singh Sawhney were also present on the occasion.