The result of CM Mann’s foreign trip was excellent – 9 big companies chose Punjab, Mohali will become the new IT hub of Asia.

Chandigarh: Punjab Chief Minister Bhagwant Mann’s visit to Japan-Korea has completed preparations to change the industrial scenario of the state. During this historic visit, 9 big international companies have signed agreements to invest in Punjab, which will not only provide employment to thousands of youth but will also revitalize the economy of the state. The most important thing is that the focus of these investments is not limited to traditional industries only, but emphasis has also been laid on future sectors like AI, IT and electric vehicles.

New momentum to automobile sector from Yamaha-Hero and Honda

Japan’s Yamaha company is preparing to make electric bikes in collaboration with Hero in Punjab, which will fulfill the state’s dream of green transportation. Honda will start manufacturing car parts, which will strengthen Punjab’s identity in the automobile sector. This step will not only open new employment opportunities but will also provide an opportunity for technical training to the local youth. Experts believe that with such investment Punjab can emerge as a manufacturing hub.

Mohali will become a new global hub

Three big companies have decided to play an important role in making Mohali a global IT hub. Fujitsu Limited will set up AI and IT project in Mohali, Toray has shown interest for investment, and Toppan Holdings has announced a huge investment of Rs 400 crore. These three companies are known worldwide for cutting-edge technology and innovation. With their arrival, a new era will begin in Mohali and employment opportunities from home will open for thousands of IT professionals.

Emphasis on increasing farmers’ income with JICA’s approval

JICA (Japan International Cooperation Agency) has approved the horticulture projects of Punjab, which will prove to be a game changer for the farmers. Under this, cultivation of fruits and vegetables will be promoted with modern technology, which will increase the income of farmers. Also, JBIC (Japan Bank for International Cooperation) has given assurance of investment in clean energy, which is a revolutionary step towards making Punjab pollution free. This initiative will strengthen the rural economy along with environmental protection.

Logistics sector strengthened with entry of METI and Sumitomo

Japanese company METI and truck manufacturer Sumitomo have also discussed business in Punjab. The entry of these companies will open a new chapter in the commercial vehicle sector and give impetus to the logistics industry. CM Bhagwant Mann has described these agreements as a milestone in the development of Punjab. He said that this investment is not just government announcements, but the beginning of change at the ground level. Soon the work on these projects will start and the youth will start getting employment.

Investors will get benefit from single window system

The Punjab government has arranged for a single window clearance system and faster approval process to attract investors. Industry Department officials said that land allotment, electricity connection and other facilities will be given to these companies on priority basis. This transparent and fast process will also become an inspiration for other international companies. Experts believe that if this momentum continues, Punjab can be included in the top 5 investment destinations of the country in the next three years.

Tremendous enthusiasm shown among local industry and youth

Local industrialists and businessmen have welcomed this initiative. President of Punjab Chamber of Commerce said that this foreign investment is also a positive sign for domestic industries. This will strengthen the supply chain and small and medium enterprises will also get an opportunity to grow. Enthusiasm is also being seen among the youth because now they will not have to go out of the state for better jobs. This news is also getting wide support on social media.

Punjab from being an agricultural state to becoming a technology hub

This investment is not only a concrete step towards economic development but also towards creating a new identity of Punjab. While till a few years ago the state was considered only agricultural, it is now on its way to becoming a center of technology, innovation and sustainability. This initiative of CM Mann has proved that right policies and efforts can change the future of any state. When these projects come on the ground in the coming months, the real transformation of Punjab will be visible.