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JSW Group chairman Sajjan Jindal has announced a ₹1,500 crore investment in the steel sector at Rajpura, giving a fresh boost to Punjab’s manufacturing ambitions. The announcement came during a meeting in Mumbai with Punjab’s industries and commerce minister Sanjeev Arora, who said the proposed capex is expected to deepen the state’s steel value chain and create significant direct and indirect employment.
JSW also signalled interest in expanding its footprint beyond steel, exploring opportunities in defence manufacturing, automobiles, and renewable energy projects across Punjab. Jindal has confirmed his participation in the inaugural session of the Progressive Punjab Investors’ Summit 2026, scheduled for March 13 in Mohali. Invest Punjab CEO Amit Dhaka was also present at the meeting.
Arora highlighted Punjab’s strategic access to northern markets, strong MSME ecosystem, skilled workforce, and established industrial clusters. He added that the state is finalising a future-ready industrial policy focused on fiscal incentives, plug-and-play infrastructure, sector-specific parks, faster clearances, logistics efficiency, and support for sunrise sectors including electric mobility, advanced materials, renewable energy, and high-end engineering. The state has assured end-to-end facilitation and fast-track approvals for JSW’s proposed projects.
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