AI Generated Summary
- Punjab has received investment proposals worth more than ₹75,000 crore since the Bhagwant Mann-led government took office in 2022, Industries and Commerce Minister Aman Arora said while promoting the state as a preferred investment destination at Bharat Tex 2026.
- Addressing the media at the four-day event at Bharat Mandapam, Arora said Punjab was moving beyond its traditional textile strengths to emerge as a globally integrated hub for technical and high-performance textiles.
- With strong connectivity, competitive power tariffs, skilled labour and growing capabilities in Meditech, SportTech, AgriTech and Geotech, Punjab is well positioned to benefit from the global shift towards technical textiles and man-made fibres, he said.
Punjab has received investment proposals worth more than ₹75,000 crore since the Bhagwant Mann-led government took office in 2022, Industries and Commerce Minister Aman Arora said while promoting the state as a preferred investment destination at Bharat Tex 2026.
Addressing the media at the four-day event at Bharat Mandapam, Arora said Punjab was moving beyond its traditional textile strengths to emerge as a globally integrated hub for technical and high-performance textiles.
Punjab currently accounts for nearly 95 per cent of India’s woollen knitwear production and about 65 per cent of hosiery output. It also ranks first in blended yarn production and holds a 5.7 per cent share in the country’s total spinning capacity. The textile and apparel sector contributes nearly 14 per cent to the state’s manufacturing Gross Value Added and employs more than 10 lakh workers across 1.46 lakh units.
Highlighting Punjab’s established industrial clusters, Arora said Ludhiana is widely known as the “Manchester of India”, while Jalandhar is recognised for sports goods and Amritsar for woollen textiles. SAS Nagar is also emerging as a modern manufacturing centre.
The minister said the state has introduced dedicated policies for apparel and technical textiles, spinning and weaving, and dyeing and finishing. Investors are eligible for capital subsidies of up to 20 per cent of fixed capital investment, reimbursement of up to 75 per cent of net SGST and incentives extending up to 125 per cent of fixed capital investment.
Arora also highlighted the Right to Business Act and the FastTrack Punjab Portal, which provide time-bound, digital approvals.
With strong connectivity, competitive power tariffs, skilled labour and growing capabilities in Meditech, SportTech, AgriTech and Geotech, Punjab is well positioned to benefit from the global shift towards technical textiles and man-made fibres, he said.
