If you are following industry developments in Punjab, there’s big news. Bhagwant Singh Mann, Chief Minister of Punjab, has lauded the joint collaboration between Aichi Steel Corporation (Japan) and Vardhman Special Steels Limited (VSSL, Punjab). He believes this partnership can boost R&D, technical strength, and manufacturing growth in the state.
What is the Collaboration?
Aichi Steel and Vardhman plan a greenfield alloy steel plant in Ludhiana, Punjab, with ₹2,500 crore investment and 5 lakh tonne capacity. Aichi holds 24.9% equity, and the plant will use advanced EAF technology for energy‑efficient, low‑carbon “green steel” production.
Why Bhagwant Mann Is Supporting It?
Punjab CM Mann sees this collaboration as a significant boost for the state’s industrial and manufacturing growth. He believes it will bring global‑level technical standards to Punjab’s steel sector, raise manufacturing quality, and help the state become a hub of advanced steel production. The project is expected to generate direct employment for over 1,500 people, along with significant indirect jobs and business opportunities for MSMEs, suppliers, and service providers across Punjab. This initiative aligns with broader efforts to attract investment, boost industry, and create jobs in the state.
What the New Plant Aims to Deliver?
- High‑quality special and alloy steel for automotive, engineering, and global markets.
- Production of “green steel” via scrap‑based EAF technology, supporting sustainability and lower carbon footprint.
- Strengthened R&D, testing, and manufacturing capabilities using advanced Japanese technology and expertise brought in by Aichi.
- Boost to the local economy through job creation and support for ancillary industries and MSMEs.
What does this mean for Punjab & Youth?
This collaboration can turn Punjab into a modern steel hub, creating opportunities for youth in production, R&D, and supply chains, while boosting investment, industrial growth, and global competitiveness with CM Mann’s support.
