Chandigarh: Japanese company Toppan Speciality Films on Wednesday signed an agreement with the Punjab government to invest Rs 400 crore in the state as part of its expansion plan, according to an official statement.
Chief Minister Bhagwant Mann, who is on a 10-day visit to Japan and South Korea, said Toppan Speciality Films Private Limited (TSF) and Invest Punjab have also agreed to support and collaborate to launch a skilling excellence centre in Punjab.
This will be pivotal for strengthening industry-relevant skills and enhancing employability opportunities in Punjab, the statement quoted Mann as saying.
The Chief Minister said it will give a thrust to imparting training aligned with current and emerging industry needs. Likewise, he said, it will also focus on high-end and technical skills not widely available and impart training certifications to meet industry and global standards.
TSF will also provide financial assistance, technical inputs, training support, and curriculum design based on industry needs, he added.
Due to the strenuous efforts of the state government, TSF has formally expressed its intent to expand its existing manufacturing facility in Punjab with an estimated investment of approximately Rs 400 crore, Mann said.
The investment aimed at enhancing capacity, facilitating fresh employment, integrating advanced technologies, and strengthening their long-term presence in India, he added.
Mann is leading a delegation to Japan and South Korea as part of the state government’s outreach in the run-up to the 6th Progressive Punjab Investors’ Summit scheduled for March 13-15, 2026, in Mohali.