He added that the State Government has set an ambitious target of Rs 75,000 crore for the upcoming fiscal year, reflecting its strong commitment to fostering a conducive industrial environment.

He further informed that the new Industrial & Business Development Policy 2026 has been formulated after extensive consultations with stakeholders. A total of 24 sectoral committees, comprising industrialists and MSME representatives, contributed over 2,000 man-hours of deliberations, with 77% of industry recommendations incorporated into the policy.

Speaking during an MSME stakeholders' interaction meet with local industrialists in Mohali, Mr. Dhaka said that Punjab has emerged as one of the most preferred investment destinations in the country. He announced that the State Government will soon roll out a new Industrial Park Policy, under which large industrial parks of at least 25 acres will be developed through joint participation of industrialists and real estate developers.

Investors will benefit from simplified approvals through a single registration process. Describing the policy initiatives as transformative, he highlighted several incentives like existing industries adopting Zero Liquid Discharge (ZLD) norms will receive incentives up to Rs 10 crore, New industries will be eligible for 100% incentives under applicable schemes and Industries setting up paddy straw-based boiler plants will receive incentives up to Rs 7.5 crore.

He also emphasized Punjab's commitment towards sustainability, stating that the State aims to generate 85% of its electricity from green energy sources, including solar power and battery storage systems, over the next five years. A comprehensive roadmap is being prepared to achieve this target.

Additionally, he informed that the Cabinet has approved a new Operation and Maintenance Policy, enabling industrialists to collect and utilize maintenance charges for the upkeep of industrial focal points and hubs. Highlighting governance reforms, Mr. Dhaka said that the Punjab Fast Track Portal and the amended Right to Business Act have proven to be game-changers, ensuring ease of doing business.

He reiterated that continuous stakeholder feedback is being actively incorporated to address existing gaps. During the open house session, industrialists appreciated the new industrial policy and the successful organization of the Investors' Summit 2026 by the Government of Punjab led by Chief Minister Bhagwant Singh Mann. They also raised local-level issues, which were assured to be resolved on priority by the district administration.

Prominent dignitaries present on the occasion included MLA Dera Bassi Kuljit Singh Randhawa, Mr. Vaibhav Maheshwari, Member Punjab Development Commission, Deputy Commissioner Komal Mittal, CA GMADA Sakshi Sawhney, District Planning Committee Chairperson Prabhjot Kaur, MC Commissioner Sandeep Singh Garha, Chairman District Traders' Commission Ranjit Pal Singh, ADCs Anmol Singh Dhaliwal and Geetika Singh, and SDM Mohali Damandeep Kaur, among others.