JSW Group to Invest Rs 1,500 Cr in Punjab Steel Sector Now

• JSW Group will invest ₹1,500 crore in Punjab’s steel sector at Rajpura, with potential for further expansion
• Punjab is finalising a future-ready policy to promote next-generation manufacturing and technology-led investments
• The policy will support defence manufacturing, electric mobility, renewable energy, advanced materials, and high-end engineering

Punjab Industries and Commerce Minister Sanjeev Arora announced that JSW Group Chairman Sajjan Jindal has committed an investment of ₹1,500 crore in Punjab’s steel sector at Rajpura.

The JSW Group investment of JSW Group ₹1500 crore in the Punjab steel sector marks a major JSW Punjab investment boost for Punjab industrial growth, strengthening the steel industry India landscape, accelerating India steel investment and JSW expansion India, driving manufacturing investment Punjab, shaping steel sector news India, advancing industrial development Punjab, and highlighting Sanjeev Arora JSW collaboration.

The announcement followed a meeting between Arora and Jindal in Mumbai, where the industrialist also expressed interest in exploring further investments across JSW Group’s diversified businesses in the state.

Arora stated, “The proposed investment is expected to significantly strengthen the state's manufacturing base, deepen the steel value chain, and generate substantial direct and indirect employment opportunities in the region”.

“Encouraged by the state's policy direction and facilitation approach, Jindal expressed keen interest in exploring opportunities in defence manufacturing, the automobile sector and renewable energy projects in Punjab”, he added.

Also Read: JSW Infra to Acquire Group's Rail Logistics Units for ₹1,212 Cr

He noted, “The state offers a strategic location with excellent connectivity to northern markets, a robust MSME ecosystem, skilled manpower, and well-developed industrial clusters across sectors such as steel, auto components, textiles, sports goods, food processing and light engineering”.

 “Punjab's consistent recognition as a ‘top achiever' in the ease of doing business reforms and the state's progressive single-window clearance mechanism that ensures time-bound approvals and investor facilitation”, he further stated.

Arora stated that the Punjab government is finalizing a new industrial policy, which will prepare the province for future manufacturing and technology-driven investment development.

The policy will provide businesses with several advantages through its financial incentives, ready-to-use facilities, and specialized industrial zones, expedited approval processes, and enhanced transportation capabilities.

The plan will establish defence manufacturing, electric mobility, advanced materials, renewable energy and high-end engineering as essential support areas for Punjab's industrial development.

“Special emphasis is being laid on promoting value-added manufacturing, boosting exports, and creating large-scale employment for the youth of Punjab”, said Arora.