Punjab is witnessing a major economic transformation under Chief Minister Bhagwant Mann’s leadership, as the state evolves from an agrarian powerhouse into a thriving industrial hub. Investments worth ₹86,541 crore have flowed into Punjab in the last two and a half years, leading to the creation of over four lakh employment opportunities. Among the sectors driving this growth, the textile and apparel industry stands out, attracting an impressive ₹5,754 crore in new investments and setting the stage for a modern industrial revolution.
The centerpiece of this transformation is Sanathan Polycot Private Limited’s ₹1,600 crore Technical Textile Hub in Wazirabad, Fatehgarh Sahib. Spanning 80 acres, this advanced facility will produce high-performance materials like polyester granules, Partially Oriented Yarn, and Fully Drawn Yarn, all of which are used in technical textiles for automobiles, healthcare, agriculture, infrastructure, and safety gear. The first phase of production began in August 2025 with a daily output of 350 tons, expected to double within months. Once both phases are completed by 2027, the plant’s total capacity will reach six lakh tons annually.
Chairman Paresh Dattani of Sanathan Textiles has credited Punjab’s transparent governance, quick decision-making, and supportive policies for making this large-scale project possible. He highlighted that the hub is not only an economic venture but also an environmentally conscious one, equipped with energy-efficient and low-emission technology. Its strategic location allows smooth connectivity to key textile markets in Delhi, Ludhiana, and Panipat, as well as access to essential raw materials like PTA and MEG.
The establishment of this factory, part of a larger ₹1,850 crore expansion plan, will generate thousands of direct and indirect jobs, benefiting technicians, machine operators, and small business owners. The ripple effect of this investment will strengthen the local economy of Fatehgarh Sahib and nearby areas, spurring growth in transport, retail, and small-scale industries.
Other textile enterprises are also contributing to Punjab’s renewed industrial strength. Shiva Texfabs has expanded its Ludhiana facility with ₹815 crore, while leading companies such as Vardhman Textiles and Monte Carlo continue to invest heavily in the state. With the presence of the Integrated Textile Park in Ludhiana, Punjab is positioning itself to capture a significant share of the global textile market, which is projected to reach $350 billion by 2030.
The state government’s pro-industry measures have streamlined the investment process. Through a single-window clearance system, approvals are granted within 45 working days. Investors can register through self-declaration, while 22 dedicated committees, including three focused on yarn, fabric, and dyeing, work directly with industries to frame supportive policies. Incentives such as full SGST refunds, interest subvention, stamp duty exemption, and priority land allotment have made Punjab one of India’s most business-friendly destinations.
Punjab’s industrial rise represents the next chapter of its development story. Once known for spearheading the Green Revolution, the state is now leading an industrial revolution rooted in innovation, sustainability, and inclusivity. Sanathan Textiles’ success in the stock market with its ₹550 crore IPO in 2024, alongside a turnover of ₹4,077 crore, has further strengthened investor confidence. With growing global attention from countries like Germany and Japan, Punjab’s progress reflects a powerful narrative of resilience, prosperity, and pride for every Punjabi family.
