When it comes to the development of information technology, Punjab – the land of five rivers comes at the top. Punjab has a robust electronic manufacturing conducive ecosystem with 200+ IT organizations working on new technologies.
Ludhiana, Mohali, and Zirakpur are the most popular cities of Punjab renowned for their incredible IT transformation. About two and half months ago, the Punjab government made a declaration of developing Ludhiana as an industrial hub of North India, with Hi-Tech Valley being set up at Dhanansu village on 378.77 acres. After that, Mohali came to the top 10 cities of India after six Tier-I locations concerned with IT.
Now, it’s a competition between Indore and other metropolitan cities. Plus point of Mohali is that it is a city fully complete and sufficient in several aspects due to its adjoining areas like Chandigarh, Panchkula and Zirakpur.
Here you can find multinational companies like Infosys at Rajiv Gandhi IT Park and other business centres like Software Technology Park of India (STPI), Quark city, Bestech Towers in Mohali.
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Tech Incentive Policy
According to the Tech incentive policy of 2001, the Punjab Government has distinguished media communications, hardware and IT-empowered administrations as the niche areas for the state.
The Punjab government has additionally thought to be both the hardware and data innovation ventures to be covered under the same policy and, subsequently, incentives under this policy will be made accessible to the electronics industry also.
In the Tech Incentive Policy, 2000, as the Department of Industries told, the state has been taking a common strategy for both IT and IT-empowered administrations.
However, with the expected growth of ITeS and for the better understanding of industry requirements, the public authority recognized the need for an extraordinary and designated strategy on ITeS while reevaluating the IT and ITeS Incentive Policy for the Industry in the changed global scenario.
The public authority has been taking feedback from industry players, industry affiliations, educational foundations and concerned departments and agencies to prepare this policy.
The approach sets down rules and objectives. For startups, IT, ITeS and electronics have been distinguished as speedily-growing potential sectors for Punjab.
Working With Clear, Basic Features
This policy has developed with specific commitments to achieve its goals of providing the optimal environment for ITeS, IT and electronics organizations.
Easy Availability of Trained Manpower
The policy guarantees the accessibility of quality manpower in the IT, ITeS and electronics segments certified by prestigious foundations and industries. Due to this reason, a state-level institution for specific training in ITeS-in association with the Industry and incredibly famous foundations is being set up as Tech Hub.
The government is coordinating among several higher institutions of learning and the technical institutions or industries to develop sector-specific ITeS and IT course curriculum and modules. It also provides an institutional mechanism and framework for shared training facilities and infrastructure at a minimal cost.
The Punjab government believes that its highly-qualified, English-speaking individuals are an essential prerequisite for ITeS organizations. The state intends to provide ITeS companies with manpower that’s proficient in English and soft skills and domain-specific skills.
Quality Office Space and Infrastructure Ready to move high-quality office space overhauled with all basic amenities like high-speed telecommunication links with redundant connectivity, uninterrupted power supply with back-up power facility, central air-conditioning is critical.
Therefore, the state government is focused on building several business centres not only around Chandigarh and Mohali but also in other important ‘B’ and ‘C’ class cities and towns in the state, such as Patiala Jalandhar, Ludhiana, and Amritsar, among others.
I hope you find all this information useful, and to know the latest Punjab news of Tech Hub, stay tuned!
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