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CHANDIGARH:  Reinforcing the Punjab Government’s push to position the State as a preferred destination for micro, small and medium enterprises (MSMEs), Industry & Commerce and Investment Promotion Minister Sanjeev Arora on Friday held an extensive interaction with MSME stakeholders, during which participating companies announced fresh investment and expansion plans exceeding ₹400 crore across multiple sectors.

Addressing a press conference, Arora said the government was committed to sustained engagement, policy support and industry-friendly reforms to create a transparent and facilitative ecosystem for MSMEs. “MSMEs are the backbone of Punjab’s industrial economy. They are critical to employment generation, innovation and balanced regional development. Our focus is to ensure enterprises spend their energy on growth, not on procedural hurdles,” he said.

The Minister highlighted a series of initiatives to strengthen the MSME landscape, including simplified, time-bound regulatory processes, proactive handholding, and faster clearances through Invest Punjab. He said the government was in continuous dialogue with industry players to understand their concerns and tailor solutions through responsive governance.

Reiterating the government’s resolve, Arora said Punjab would continue to work closely with MSMEs through regular consultations, timely facilitation and reforms to ensure the State remains competitive for domestic investment, particularly in manufacturing and allied services.

Industry representatives present at the interaction acknowledged the government’s facilitation efforts and shared positive experiences of engagement with the administration. Several companies also announced concrete expansion and greenfield plans in Punjab, spanning auto components, logistics, cold chain and renewable energy manufacturing.

₹400+ Crore Investment Pipeline

Collectively, the proposed investments are expected to exceed ₹400 crore and generate substantial employment opportunities, further strengthening Punjab’s MSME ecosystem.

Company-wise proposals

• Jai Parvati Forge (Auto Components), SAS Nagar — ₹300 crore

• Kova Fasteners Pvt. Ltd. (Auto Components/Fasteners), Ludhiana — ₹50 crore

• Luthra Cold Storage (Cold Chain/Agri-Logistics), Ludhiana — ₹10–12 crore

• Mohali Logistics (Warehousing & Logistics), SAS Nagar — ₹10 crore

• Roshni Renewables LLP (Solar Manufacturing), Fatehgarh Sahib — ₹100 crore in Phase I, with an additional ₹300 crore planned in subsequent phases

Among those present at the press conference were Raghav Luthra and Denis Luthra of Luthra Cold Storage, Rishi Gupta of Kova Fasteners, S.S. Chauhan of Jai Parvati Forge, Harvir Singh of Mohali Logistics, and Jaspal Singh, Director, Roshni Renewables LLP.

Officials said the announced investments underline growing industry confidence in Punjab’s policy framework and signal momentum in the State’s efforts to attract MSME-led industrial growth.