Last Updated: 20 Sept 2024
Not just MoU but REAL investments[1]
-- ₹83,857 crore worth Private investments already made during AAP Govt in Punjab
-- Will provide 3,87,806 lakh jobs to youth
-- 5,265 investment proposals
Significant investments include[1:1]
-- Tata Steel’s ₹2,600 crore
-- Sanatan Polycot’s ₹1,600 crore
-- Toppan from Japan investing ₹548 crore in packaging
¶ Jump in Company & MSMEs registration
FY2023-24: Punjab had 27% growth(Highest in North region) in company registration
-- Total number 3,081(2023-24) from 2423(2022-23)[2]
¶ Big Names[3]
- Tata Steel building its 2nd Biggest plant
- De Heus, an animal feed company from Netherlands, made its first investment
- Others like Jindal Steel, Virgio, Tafe, Hindustan Unilever
¶ Comparison with previous Govts[4]
| Party in Power | Time Period | Avg. Per Year Investment | Total Private Investment | Total Estimated Jobs creation |
|---|---|---|---|---|
| AAP | Mar 2022 - Now | ₹34,700 crores | ₹83,857 crore | 3.88 lakh jobs |
| Congress | 2017-2022 | ₹23,409 crore | ₹1,17, 048 crores | - |
| Akali | 2012-2017 | ₹6600 crore | ₹32,995 crore | - |
¶ Industry Shutdown during Akali-BJP rule
2007-2014: 18,770 were forced to shut shop over these 7 years i.e. Akali-BJP rule as revealed in a RTI[5]
References:
https://www.hindustantimes.com/india-news/punjab-emerges-as-the-preferred-destination-for-investors-101726812038889.html ↩︎ ↩︎
https://www.tribuneindia.com/news/business/region-sees-19-rise-in-new-firms-incorporation-623263 ↩︎
https://www.ndtv.com/india-news/punjab-received-over-rs-50-000-crore-investments-in-18-months-bhagwant-mann-4440756 ↩︎
https://www.indiatoday.in/india/story/punjabs-disappearing-factories-184083-2014-03-07 ↩︎
