The Progressive Punjab Investors’ Summit received a major boost on Friday after UK-based company 3 Associates announced an investment of ₹1,407 crore in the state. The announcement reflects the growing confidence of global investors in Punjab’s industry-friendly policies and business environment.
The investment was announced by 3 Associates CEO Jesdev Saggar during a session titled “Unlocking Opportunities under CETA: Strengthening UK–Punjab Trade and Investment Partnerships” held at Plaksha University in Mohali. The event was attended by Punjab Industry and Commerce Minister Sanjeev Arora and Education Minister Harjot Singh Bains.
The proposed project is expected to have a Gross Development Value (GDV) of around Rs 4,700 crore. It is likely to generate significant employment opportunities and strengthen Punjab’s position in knowledge-based and digital economy sectors.
Speaking on the occasion, Industry Minister Sanjeev Arora thanked the leadership of 3 Associates for placing their trust in Punjab. He said the state government, under the leadership of Chief Minister Bhagwant Singh Mann, is committed to creating a favourable environment for investors through policy stability, proactive governance and strong support systems.
Arora said the Progressive Punjab Investors’ Summit is the result of months of global outreach and engagement with industry leaders. These efforts, he added, were aimed at converting investment interest into concrete projects in the state.
He also highlighted that Punjab’s progressive industrial policies, improved ease of doing business, strong infrastructure and skilled workforce are helping attract new investments and driving industrial growth.
Education Minister Harjot Singh Bains praised Arora’s efforts to bring major investments to the state. He said Punjab is witnessing a positive shift in its economic outlook and there are significant opportunities for collaboration in sectors such as food processing and advanced manufacturing.
Bains also spoke about the potential for academic partnerships with leading UK universities such as Cambridge and Oxford to strengthen Punjab’s education and innovation ecosystem.
Jesdev Saggar said Punjab’s young population, strong institutions and progressive policies played an important role in the company’s decision to invest in the state. He described Punjab as a promising destination for long-term growth and innovation-driven development.
Additional Chief Secretary (Technical Education) Tejveer Singh highlighted the advantages offered by Mohali and nearby regions for establishing higher education institutions, global capability centres and knowledge-based industries.
British Deputy High Commissioner Alba Smeriglio said the Punjab–UK partnership is built on shared ambitions and mutual trust. She added that the proposed India–UK Comprehensive Economic and Trade Agreement (CETA) will further strengthen trade and investment ties.
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