Punjab is getting big investment in textile sector
By yash chouhan 2026-03-13 12:21:30
India's Punjab attracts major investment in textile sector
The Punjab Government has secured an investment commitment of around ₹1,550 crore ($168 million) from the JL Oswal Group over the next three years, state industries, commerce and investment promotion minister Sanjeev Arora announced.
The investment will span sectors such as digital infrastructure, textiles, industrial parks, hospitality, apparel manufacturing and renewable energy, and is expected to create more than 4,000 direct and indirect jobs while strengthening the state’s industrial ecosystem.
The investment reflects growing industry confidence in Punjab following the launch of the Punjab Industrial & Business Development Policy 2026, which offers one of the country’s most comprehensive incentive frameworks for investors, Arora said in a press release.
The plan also includes ₹450 crore for upgrading and expanding spinning and textile manufacturing facilities to modernise the textile sector and enhance global competitiveness. Another ₹400 crore will be invested in developing logistics parks, industrial parks and supporting infrastructure to strengthen Punjab’s manufacturing and supply chain ecosystem.
Additionally, ₹50 crore will be used to establish modern garment manufacturing facilities to boost value-added textile production, while another ₹50 crore will be allocated to solar and sustainable energy projects aimed at supporting green industrial development in the state.
Arora said the investment underscores Punjab’s emergence as a preferred destination for industry and innovation, supported by the state government’s investor-friendly policies.
