Ludhiana: Punjab Chief Minister Bhagwant Mann on Saturday unveiled a new industrial policy here, asserting that his government is determined to make the state the number one investment destination in the country through bold reforms and a flexible incentive framework designed around the needs of industry.
He asserted that the Punjab government has fundamentally restructured its industrial policy to accelerate industrial growth, attract large-scale investment and generate employment across the state. Highlighting that Punjab is already witnessing record investment, Mann said the Industrial & Business Development Policy 2026 allows investors to choose up to 20 incentives and design customised packages suited to their business models, introduces capital subsidy for the first time in Punjab, and offers incentives of up to 100 per cent of fixed capital investment.
It also reduces employment generation subsidy eligibility to Rs 25 crore investment and 50 workers, thereby opening industrial incentives to a much wider base of businesses, he said.
Addressing a gathering, Mann said the policy represents a major shift in the way industrial incentives are structured in Punjab. “Every other state in India hands investors a fixed menu and says take it or leave it, but Punjab has changed that. Now an investor can pick up to 20 incentives and build a package around their own business model, he said.