Big increase in investment, employment and production capacity of Jogindra Group, investment of Rs 1,100 crore

Punjab Investment: Punjab Industries and Commerce, Investment Promotion, Power and Local Government Minister Sanjeev Arora said that Jogindra Group has announced strategic expansion plans with an investment of Rs 1,100 crore, which will give a big boost to Punjab’s industrial development and use of green energy. He said that this investment reflects the growing confidence of the industries towards Punjab’s progressive policies and business friendly environment.

Investment of Rs 700 crore in steel sector

Sanjeev Arora said that this investment reflects the growing confidence of the industries towards Punjab’s progressive policies and business friendly environment. He said that under this expansion, an investment of Rs 700 crore will be made in the steel sector, which will be mainly done through Jogindra Castings and Vardhman Adarsh. This includes an investment of Rs 400 crore in renewable energy through Jogindra Green India.

Big employment opportunities will be created

Underlining the significance of this expansion, Sanjeev Arora said, “Jogindra Group’s turnover is likely to increase from Rs 3,000 crore to Rs 5,000 crore and its employee strength will increase from 1,800 to 3,000, creating huge employment opportunities.” He further said that renewable energy capacity will increase from 37 MW to 120 MW.

Jogindra Group is a leading industrial group

Giving information about the background of Jogindra Group, he said that Jogindra Group, established in 1992, is a leading industrial group of North India, which is continuously working in the field of steel manufacturing and this company is also expanding its foothold in renewable energy. He further said, “The group is led by CMD Adarsh ​​Garg along with Directors Sanjay Gupta and Nimit Gupta.”

industrial economy of punjab

Highlighting the regional impact in this regard, Sanjeev Arora said that Mandi Gobindgarh has always been the backbone of Punjab’s steel industry. He said, “Today under the Bhagwant Mann government, it is further strengthening its position with new investments, modernization and cleaner and more efficient production. The expansion by Jogindra Group is a clear indication that Gobindgarh is once again becoming a key growth center for the industrial economy of Punjab.”

Punjab is emerging as a favorite destination

He further said that Punjab is emerging as a preferred destination for investment in manufacturing and green energy and this investment of Rs 1,100 crore will strengthen the industrial base, create significant employment opportunities and ensure sustainable growth.

AAP government industry friendly environment

Reiterating the commitment of the Bhagwant Mann government, the minister said, “The AAP government is committed to providing an industry-friendly environment, ensuring ease of doing business and encouraging investments focused on environment protection across the state.”

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