[SMM Steel] Punjab emerges as key investment hub for India's steel sector

Published: Mar 16, 2026 18:23

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[SMM Steel] During the Progressive Punjab Investors’ Summit, major steel players announced massive CAPEX plans fueled by new ease-of-business policies. ArcelorMittal will invest over INR 60,000 crore, while Tata Steel and JSW Group committed INR 3,200 crore and INR 3,000 crore respectively for new plants and capacity expansions. These investments mark Punjab’s strategic transition from an agricultural hub to a major manufacturing and steel production base.

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