Chandigarh: Punjab Chief Minister Bhagwant Mann’s Japan–Korea visit has emerged as a turning point for the state’s industrial future. During the historic tour, nine major international companies signed agreements to invest in Punjab, a move expected to generate thousands of jobs and give a strong boost to the state’s economy. Notably, these investments focus on future-ready sectors such as Artificial Intelligence (AI), Information Technology (IT), electric vehicles, clean energy, and advanced manufacturing.
In the automobile and EV sector, Japan’s Yamaha will partner with Hero to manufacture electric bikes in Punjab, supporting the state’s green mobility vision. Honda will begin producing automobile components, strengthening Punjab’s position in the auto manufacturing ecosystem. These projects are expected to create skilled employment opportunities while providing technical training to local youth, positioning Punjab as an emerging manufacturing hub.
Mohanli is set to emerge as a global IT and AI hub with major investments from Fujitsu Limited, Toray, and Toppan Holdings. Fujitsu will establish AI and IT projects, while Toppan Holdings has announced an investment of ₹400 crore. These globally renowned technology firms will bring cutting-edge innovation to the region, opening large-scale employment opportunities for IT professionals and enhancing Mohali’s international profile.
Additionally, JICA has approved Punjab’s horticulture projects to boost farmers’ income through modern farming techniques, while JBIC has committed investments in clean energy. Japanese firms METI and Sumitomo have also explored opportunities in logistics and commercial vehicles. CM Bhagwant Mann termed these agreements a milestone, stating they mark the beginning of real, on-ground transformation. With a single-window clearance system and fast approvals in place, experts believe Punjab could soon rank among India’s top investment destinations.
