Happy Forgings Ltd's Rs 1,000 Crore Investment Sparks Job Growth in Punjab
Happy Forgings Ltd announces a Rs 1,000 crore investment in Ludhiana, Punjab, promising more than 2,000 jobs. The investment focuses on manufacturing high-precision components and strengthening local supply chains. Despite offers from other states, the company continues to expand in Punjab, encouraged by upcoming industrial policies.
- Country:
- India
Punjab Cabinet Minister Sanjeev Arora revealed on Tuesday that Happy Forgings Ltd plans to inject Rs 1,000 crore into Ludhiana, promising significant job creation in the state.
The investment marks a major expansion for the auto and engineering parts manufacturer, known for producing high-precision components for various sectors, including commercial and passenger vehicles.
Managing Director Ashish Garg emphasized the company's commitment to Punjab, citing potential policy benefits from the state's upcoming industrial strategies. This development is set to generate over 2,000 jobs and stimulate local economic growth.
(With inputs from agencies.)
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