Chandigarh, March 10
Punjab’s new Industrial & Business Development Policy 2026 has rapidly begun to attract significant investments, with leading industry players Cremica and JL Oswal Group announcing commitments worth ₹2,000 crores within just two days.
Punjab Cabinet Minister for Industries, Commerce & Investment Promotion, Power and Local Government, Sanjeev Arora, along with Anoop Bector, Managing Director of Mrs. Bectors Food Specialities Ltd, and Amit Dhaka, CEO Invest Punjab, announced that Mrs. Bectors Food Specialities will invest ₹400 crores to establish a state-of-the-art food processing unit at its existing Rajpura facility. This new unit is expected to generate direct employment for around 1,000 persons.
Mrs. Bectors Food Specialities, a leading food processing company with sales of approximately ₹2,100 crores in 2026, manufactures biscuits, breads, bakery products, and frozen foods across nine plants in India. The company has invested nearly ₹1,500 crores in advanced facilities nationwide and exports biscuits to over 70 countries. With a strong domestic presence across 550,000 outlets and a distributor network of over 900, Mrs. Bectors is the second-largest biscuit player in Punjab with over 14% market share.
Speaking at the press conference, Anoop Bector expressed confidence in Punjab’s industrial ecosystem, stating that the new investment will strengthen the company’s product portfolio and expand both domestic and international markets. In addition, JL Oswal Group has announced plans to invest approximately ₹1,550 crores in Punjab over the next three years. This investment reflects the group’s confidence in Punjab’s evolving business climate under the new policy framework.
Arora emphasized that these investments demonstrate the growing trust of industry leaders in Punjab’s investor-friendly policies and improving business environment. He appreciated the leadership of Anoop Bector and Kamal Oswal, Chairman of JL Oswal Group, noting that their expansion plans will significantly contribute to Punjab’s industrial growth and economic development. Amit Dhaka, CEO Invest Punjab, and Anoop Bector, MD Mrs. Bectors Food Specialities Ltd, were present during the announcement.
