Chandigarh, Oct. 29 -- Punjab has continued to strengthen its position as a preferred destination for investors with the announcement of a Rs 260 crore investment and 400 new job opportunities under a new joint venture between Hero Motors Limited (HML) and Germany's STP Group. The ground-breaking ceremony of Munjal STP Industries Limited, the joint venture company, took place today at Dhanasu, Ludhiana.
Presiding over the ceremony, Punjab's Industry and Commerce Minister Sanjeev Arora said that the state government is working closely with industries to promote sustainable industrial growth and employment generation. He noted that Punjab's proactive policies, infrastructure support, and investor-friendly approach have helped establish the s...