Here's how Punjab scaled a Rs 500 crore Japan MoU into a Rs 1,116 crore Ludhiana facility

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Translating foreign investment into on-ground reality is a major challenge for any state. Often, states sign Memorandums of Understanding (MoUs) for investments, yet projects fail to progress. In this context, the joint project between the Japanese firm Aichi Steel and Vardhman Special Steels in…