{"id":61170,"date":"2026-03-02T16:18:41","date_gmt":"2026-03-02T10:48:41","guid":{"rendered":"https:\/\/punjabenews.com\/English\/?p=61170"},"modified":"2026-03-02T19:20:04","modified_gmt":"2026-03-02T13:50:04","slug":"punjab-attracts-%e2%82%b9750-crore-investment-in-woollen-ganga-acrowools-limited-will-create-additional-1500-jobs-sanjeev-arora","status":"publish","type":"post","link":"https:\/\/punjabenews.com\/English\/punjab\/punjab-attracts-%e2%82%b9750-crore-investment-in-woollen-ganga-acrowools-limited-will-create-additional-1500-jobs-sanjeev-arora\/","title":{"rendered":"Punjab Attracts \u20b9750 Crore Investment in Woollen &#038; Fancy Yarns; Ganga Acrowools limited will Create Additional 1500 Jobs: Sanjeev Arora"},"content":{"rendered":"<p><span style=\"color: #ff0000;\">\u20b9690 crore fresh investment to power textile expansion &amp; stubble-based energy project in Punjab: Sanjeev Arora<\/span><\/p>\n<p><span style=\"color: #ff0000;\">Punjab E News:<\/span> Industries and Commerce, Investment Promotion, Power and Local Government Minister Sanjeev Arora on Monday said that the Punjab Government is steadily transforming Punjab into a preferred destination for investors, as he announced a major expansion by Ganga Acrowools Limited, a leading manufacturer of worsted woollen and fancy yarns.<\/p>\n<p>In a press conference, the Minister Industries and Commerce, Investment Promotion Minister, Sanjeev Arora, stated that Ganga Acrowools Limited exports to over 60 countries and currently provides employment to more than 5,600 persons, with an annual turnover of \u20b9850 crore. &#8220;The company has generated employment opportunities for more than 3,000 persons over the last four to five years and has made consistent investments in Punjab under every industrial policy since 1998. This company will also generate additional 1,500 plus employment opportunities through this fresh investment,\u201d he said.<\/p>\n<p>Highlighting the scale of the new project, Minister Sanjeev Arora said that the company is now investing \u20b9690 crore in Punjab, of which \u20b953 crore is being invested in a paddy stubble-based boiler and turbine. \u201cThis plant will consume approximately 1,20,000 tonne of paddy stubble per year, nearly 10,000 tonne per month, and will help make an area of approximately 20 to 25 kilometre radius farm-fire free,\u201d he said, underlining that the project aligns industrial growth with environmental responsibility.<\/p>\n<p>Speaking on the occasion, Amit Thapar, President of Ganga Acrowools Limited, said that the company had earlier announced an investment of \u20b9301 crore at the last investor summit. \u201cWith the friendly environment, changes in policies to promote ease of doing business and reduction in cost of doing business, we revised our investment to \u20b9690 crore, which is now being increased to approximately \u20b9750 crore. Out of this, \u20b9400 crore has already been invested and the remaining amount will be invested over the next 24 months,\u201d he said.<\/p>\n<p>He further explained that the new expansion will manufacture yarns for knitting, weaving, carpets and segments of technical textiles. The expansion, he said, will strengthen Punjab\u2019s position in high-value textile manufacturing and exports.<\/p>\n<p>The development is expected to create significant economic impact in the region through additional employment generation and a boost to local value chains, MSMEs and ancillary units. The expansion reflects strong endorsement of Punjab\u2019s progressive industrial policies and its investor-friendly ecosystem, reinforcing confidence among domestic and global manufacturers alike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u20b9690 crore fresh investment to power textile expansion &amp; stubble-based energy project in Punjab: Sanjeev Arora Punjab E News: Industries and Commerce, Investment Promotion, Power and Local Government Minister Sanjeev Arora on Monday said that the Punjab Government is steadily transforming Punjab into a preferred destination for investors, as he announced a major expansion by [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":61171,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-61170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-punjab"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Punjab Attracts \u20b9750 Crore Investment in Woollen &amp; 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