CM Mann Japan Visit: On the third day of his Japan tour, CM Mann secured investment of Rs 500 crore for the state.

CM Mann Japan Visit: On the third day of his visit to Japan, Punjab Chief Minister Bhagwant Singh Mann today secured an investment of Rs 500 crore for the state, in which Japanese steel company Aichi Steel has assured to increase its cooperation with Vardhman Special Steels in the state. Aichi Steel and Vardhman Special Steels signed the agreement in the presence of the Chief Minister.

Aichi Steel’s stake in Vardhaman

The Chief Minister said that it is a golden day for the state as Aichi Steel Corporation, better known as the steel arm of Toyota, has signed this agreement to accelerate industrial development in the state. He said that Aichi Steel already has about 24.9 per cent stake in Vardhman and as the key technology partner, it is a symbol of a strong and growing India-Japan partnership in the industrial ecosystem of Punjab. Bhagwant Singh Mann said that Japan’s leading steel company will study future factory operations in Punjab, including assessment for a potential investment of about Rs 500 crore.

Punjab’s main priority to help

The Chief Minister assured full cooperation from the Punjab Government to strengthen and strengthen the partnership of Aichi Steel with Vardhaman Special Steels in the state. He stressed that assisting existing Japanese companies in expanding their business and operations in the state is a major priority for Punjab. Bhagwant Singh Mann expressed hope that the technical cooperation of Aichi Group and expertise of Vardhaman Group will usher in a new era of industrial revolution in the state.

conference in development of punjab

The Chief Minister also invited Aichi to participate in the Progressive Punjab Investors Summit 2026 to be held at Indian School of Business, Mohali from March 13-15, 2026 to further encourage deeper participation and expanded investment. Bhagwant Singh Mann said that this conference reflects the development of Punjab, which will present new opportunities for partnership and cooperation by bringing together leading industrial giants on one platform. He expressed hope that Japanese investors will participate in this conference on a large scale, which will give a huge boost to the industrial development of the state.

Punjab’s relations with Japanese industry

The Chief Minister said that the aim of the state government is to create new opportunities for our youth and create a stable and reliable environment for investors. Recalling Punjab’s relations with Japanese industry, he said that these relations are already strong and many big Japanese companies have expressed their confidence in Punjab. Bhagwant Singh Mann said that this partnership reflects the confidence of Japanese investors in Punjab and their commitment towards development.

Punjab one of the most business-friendly states of India

The Chief Minister said that to take this partnership to the next level, the Punjab Government is highlighting the industrial capabilities of the state, exploring new areas of cooperation and deepening the long-standing partnership with Japanese industry.

He said that Punjab is one of the most business-friendly states of India today and the Government of India has recognized Punjab as a leader in the Business Reform Action Plan (BRAP) 2024 ranking. Bhagwant Singh Mann said that this achievement reflects the focus of the state government on ease of doing business, transparency and accountability.

Respecting investors’ time and trust

The Chief Minister said that it is this forward-looking thinking that aims to provide stability in policy, timely decision making and a governance system that respects the time and trust of investors, so as to make Punjab the preferred destination for industry globally.

He said Punjab’s vision is to work closely with partners and industries, understand their needs and ensure development from the government side. Bhagwant Singh Mann further said that Punjab has expanded its industrial capacity by further strengthening its infrastructure and opening new avenues of investment.