Punjab Chief Minister Bhagwant Singh Mann said that the investment by Tata company will usher in a new era of industrial progress in the State.

He was speaking at the Green Steel Plant groundbreaking event for Tata Steel in Ludhiana, which will cost Rs 2,600 crore.

Speaking on the occasion, Mann said, “Tata is a renowned company across the globe and the huge investment made by it in the state will inspire other companies to follow suit. This is the second-largest plant by the Tata Group in the country after Jamshedpur. This is the company of patriots, who have played a pivotal role in the national freedom struggle."

Mann also announced that the state government will construct the road leading to the site of the plant from the National Highway.

Talking about the investments coming to Punjab, the chief Minister said, "The state government is currently signing MoDS (Memorandum of Dil Se) with industrialists to give a boost to the state's industrial development. This arrangement is entirely based on mutual confidence and a desire to make Punjab a leader in the industrial sector."

"Due to massive efforts made by the state government, Punjab has so far received investments to the tune of Rs 56,796 crore since mid-March 2022, and generated employment opportunities for 2.98 lakh youth. In recent last 18 months, some of the biggest companies like Tata Steel, Sanathan Textiles, Toppan, and Freudenberg Group are making a beeline to invest in the state." he added.