Punjab Investors' Summit: Nahar Group to invest Rs 1,500 cr across textiles, renewables, data centre
Punjab witnessed major investment commitments during the Progressive Punjab Investors' Summit 2026 in Mohali, with several industrial leaders announcing large-scale projects aimed at boosting the state's economy and employment opportunities.
At the summit, Kamal Oswal, chairman of Nahar Group, announced an investment of ₹1,500 crore for modernising the company’s existing textile units, expanding renewable energy initiatives, and establishing a new data centre in Mohali. He said the summit reflected renewed confidence among investors and highlighted that Punjab is once again emerging as a strong destination for industrial investment.
Oswal also noted that the state’s industrial sector had faced a slowdown in the past, with many companies exploring opportunities outside Punjab. However, he credited the leadership of Chief Minister Bhagwant Mann for restoring investor confidence and rebuilding an industry-friendly environment in the state.
Several other industrialists also announced significant investments. P. J. Singh, managing director of Tynor Orthotics, revealed plans to invest ₹1,000 crore over the next three years, describing the summit as an important platform to showcase investment opportunities in the state. Similarly, Rudra Pratap, Vice Chancellor of Plaksha University, said ₹950 crore has already been committed for developing the institution and announced an additional ₹5,000 crore investment plan to strengthen innovation, education, and entrepreneurship.
Industry representatives from companies such as Arisudana Industries, Sanatan Polycot, and Ganga Acrowools Ltd also expressed appreciation for the Punjab government’s support to the industrial sector. Ajay Datani of Sanatan Polycot highlighted that Punjab is becoming one of the most promising industrial destinations due to its efficient implementation and nurturing of industrial projects.
Meanwhile, Ashish Kumar, managing director of Vervio India, emphasised the company’s commitment to sustainable development through its paddy straw-based compressed biogas plant in Punjab, which has a production capacity of 33 tonnes per day. He added that farmers in the state are key stakeholders in the initiative, further strengthening the link between industry and agriculture.
