Singapore's Surbana Jurong partners with PLPB in Rajpura

PLPB, an innovative real estate and infrastructure development company, has announced an exciting collaboration with Singapore’s Surbana Jurong to establish PLPB IndusPark, Punjab’s first world-class industrial park. The agreement was signed in Singapore in August during a real estate delegation under the CII Learning Mission, marking a significant milestone for the region’s industrial growth. Spanning over 150 acres of greenfield land near Rajpura in the Patiala district, this ambitious project is strategically located with direct access to the Amritsar-Kolkata Industrial Corridor (AKIC), which is expected to facilitate seamless logistics and supply chain efficiencies for manufacturers, particularly small and medium-sized enterprises (SMEs) and micro, small, and medium-sized enterprises (MSMEs). The park will cater to manufacturing units under orange and green categories, complying with both central and state government guidelines. This initiative aims to attract global investments from industries seeking sustainable and compliant infrastructure while creating job opportunities for Punjab’s skilled workforce. Sumit Singla, CEO of PLPB, expressed enthusiasm about the partnership, stating it marks a new chapter in Punjab’s industrial development, emphasizing the need for a future-ready industrial ecosystem that fosters innovation, sustainability, and economic prosperity.

Strategic Investment in Punjab’s Industrial Future

PLPB IndusPark represents a bold step towards reshaping the industrial landscape of Punjab. The park is designed to support manufacturing units that comply with environmental regulations, ensuring sustainable practices. This alignment with governmental guidelines is crucial for attracting investments from both domestic and international markets. According to Sumit Singla, this collaboration with Surbana Jurong will set the foundation for a globally competitive manufacturing hub in Punjab. The strategic location near the Amritsar-Kolkata Industrial Corridor provides a logistical advantage that is essential for manufacturers seeking efficient supply chain solutions. The park is expected to foster employment opportunities while supporting MSMEs, which are vital to India’s economy. Raman Kumar, Director of Programme Management at Surbana Jurong, emphasized the importance of MSMEs, which contribute approximately 29 percent to India’s GDP. He highlighted that this partnership aims to leverage the overall GDP growth, envisioning India as a potential $55 trillion economy in less than 25 years.

PLPB’s Commitment to Sustainable Infrastructure Development

PLPB has consistently redefined infrastructure development with a strong focus on innovation. The company’s flagship project, ‘The Wellness City,’ serves as a testament to its holistic approach to urban development, emphasizing mental, physical, and spiritual well-being. With the introduction of PLPB IndusPark, the organization continues to uphold this legacy by creating a business-friendly and people-centric industrial landscape. The park aims to attract diverse industries, bolstering investment in sectors such as agro-food processing, manufacturing, steel, alloys, textiles, and apparel. Over the past four years, Punjab has seen over Rs 30,000 crores in investments, further solidifying its position as a key player in India’s economic growth. Ashwinder R Singh, VC & CEO of BCD Group, commended PLPB’s vision, stating that it is a significant step towards redefining Punjab’s industrial future, empowering MSMEs, and driving sustainable growth. This initiative not only aims to inspire industries but also seeks to uplift communities through progressive infrastructure development.

Conclusion

The establishment of PLPB IndusPark marks an important milestone for Punjab’s industrial evolution, promising sustainable growth and job creation. This collaboration highlights the state’s commitment to fostering a robust industrial ecosystem that supports economic prosperity.