The JL Oswal Group will invest approximately Rs. 1,550 crore (US $ 168 million) in Punjab over the next three years, signalling renewed confidence in the state’s industrial ecosystem following the launch of the Punjab Industrial & Business Development Policy 2026.
The announcement was made by Punjab Cabinet Minister for Industries, Commerce & Investment Promotion, Power and Local Government, Sanjeev Arora, who stated that the investment reflects growing industry confidence in Punjab’s improving business environment and the investor-friendly policies introduced by the state government.
The investment will be distributed across several sectors, including textiles, industrial parks, apparel manufacturing, renewable energy and more. Arora stated that the initiative is expected to strengthen Punjab’s industrial ecosystem, improve logistics efficiency and expand manufacturing capabilities.
He added that the investment programme is projected to generate more than 4,000 direct and indirect employment opportunities over the coming years.
Providing a sector-wise breakdown of the investment plan, Arora said Rs. 450 crore (US $ 48.97 million) will be allocated to modernising the textile industry through the expansion and upgradation of spinning and textile manufacturing facilities to enhance productivity and global competitiveness.
A further Rs. 400 crore (US $ 43.53 million) will be invested in the development of logistics parks, industrial parks and supporting infrastructure to reinforce Punjab’s manufacturing and supply-chain ecosystem.
The minister also indicated that Rs. 50 crore (US $ 5.44 million) will be invested in establishing modern garment manufacturing facilities to support value-added textile production, while another Rs. 50 crore (US $ 5.44 million) will be directed towards solar and sustainable energy solutions aimed at promoting green industrial development in the state.
Arora also acknowledged the leadership of Kamal Oswal, chairman of the JL Oswal Group, stating that the group’s decision to expand its investments in Punjab would contribute significantly to the state’s industrial growth and economic development.
JL Oswal Group operates across multiple states with diversified interests in textiles, infrastructure, renewable energy and hospitality, generating around Rs. 8,000 crore (US $ 871 million) in annual revenue.
Gurkirat Kirpal Singh, Secretary of Industries and Commerce, Kamal Oswal, managing director of the JL Oswal Group, and Abhinav Oswal, executive director of the group, were present at the press conference where the announcement was made.
