Rs 70,000 cr investment secured by Punjab so far: CM Mann

Punjab has secured investments worth Rs 70,000 crore so far and many big companies are keen to set up units in the state, Chief Minister Bhagwant Mann said on Saturday.

He was addressing a gathering at 'Sarkaar Vpaar Milni' event organised to address issues faced by the trading community in the state.

The initiative aims to secure the well-being of the trading community, marking a significant step towards restoring the pristine glory of the state and boosting its economic development, said Mann.

Industry and trade serve as the backbone of every state's economy and should therefore be given a significant impetus, he added.

Underlining the importance of revenue and employment generation in driving state development, Mann said he has visited major cities such as Mumbai, Chennai, to invite industrialists to establish ventures in Punjab.

So far, investments worth Rs 70,000 crore have already been firmed up, with prominent companies expressing interest to invest in the state, Mann said.

The government is committed to safeguard the interests of local industries, the CM said, referring to them as the true brand ambassadors of Punjab.

He assured that the state government will support these companies in expanding their operations within Punjab.