Industrialist Vows Rs 2K-Cr Investment in Punjab Expansion, bringing a fresh wave of confidence to the state’s industry. Industrialist Vows Rs 2K-Cr Investment in Punjab Expansion after Rajya Sabha MP and Trident Group Chairman Rajinder Gupta announced a major brownfield project at his Barnala unit.
Gupta clarified that he never planned to shift his investments out of Punjab. He said he expanded to Madhya Pradesh because its policy looked attractive at that time, but his emotional and professional bond with Punjab remains strong. He added that he joined politics only to serve the state and its people.
Industry Minister Sanjeev Arora welcomed the announcement and said the project reflects strong investor trust in Punjab. He explained that since 2022, the state has received Common Application Forms worth Rs 1.40 lakh crore, which represent real investments backed by land acquisition. Arora added that sectors like steel have chosen Punjab due to cheap and reliable power.
The Trident Group, with a market cap of Rs 18,000 crore, will invest Rs 1,500 crore to modernise its terry towel and paper unit in Barnala and another Rs 500 crore to set up a capacity-building centre in Mohali. The expansion will create jobs for 2,000 people and begin within 15 months.
Gupta said the group also invested Rs 1,000 crore in Bathinda units over the past decade and now sees a positive environment for industry growth in Punjab.
