Punjab's Industrial Leap: A New Era of Business-Friendly Policies

The Punjab government has announced the formation of 22 sector-specific committees aimed at directly engaging with industry stakeholders to develop a forward-looking industrial policy focused on improving ease of doing business and accelerating industrial growth across the state.

Industry and Commerce Minister Sanjeev Arora stated that each committee will conduct a detailed assessment of its respective sector, identifying key challenges and opportunities while recommending both fiscal and non-fiscal incentives aligned with Punjab’s structural and financial realities. “Each committee, led by sector experts, is required to submit written recommendations within 45 days of notification,” he added.

The committees will cover a wide range of sectors, including textiles (spinning, weaving, apparel, dyeing and finishing), IT, machine tools, sports and leather goods, auto components, heavy machinery, bicycles, electric vehicles (EVs), renewable energy, food processing, steel and rolling mills, logistics and warehousing, tourism, pharmaceuticals, healthcare, start-ups, retail, and electronic systems design and manufacturing (ESDM).

Each committee will comprise 8–10 industry representatives and will function for an initial term of two years from the date of notification. Finance Minister Harpal Singh Cheema and AAP MP Vikramjit Singh Sahney also joined deliberations with industry leaders to support the policy development process.

This initiative marks a significant step toward creating a more responsive, industry-aligned policy framework to attract investment, generate employment, and foster sustainable industrial development in Punjab.

News by Rahul Yelligetti.