Punjab Tech Sector Claims Recovery From Pandemic Impact

- Advertisement -

Punjab ’s information and technology (IT) sector claims that it has recovered from the Covid-19 pandemic’s impact on investment, evidently from the claims of the department. A lot of international businesses have started their operations in knowledge process outsourcing, database management, network and administration, IT infrastructure management, software design and development, and intellectual property management in the state.

Making these claims here on Sunday, the principal secretary in the Punjab department of investment promotion, information technology, and industries, Dilip Kumar, said the investment trend in the IT services and electronics sector had looked upwards once again because the state government had helped the enterprises adapt to the new working conditions during the pandemic. He said: “The new investment will create jobs in the region.”

The investment in the IT and electronics sector touched Rs 7.7 billion in the financial year 2021-22, an increase of about 67% over the last fiscal. Mohali has emerged as a hub of this industry because of the international airport, world-class amenities, number of companies, greenfield sites, and plug-and-play infrastructure. For developing the IT parks, the Punjab government now offers IT City plots through Greater Mohali Area Development Authority.

- Advertisement -

Whether this upward trend, as claimed by the department, keeps up the market and its demand is yet to be seen. What happens with the technology sector, only time will tell.


 

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

EV

Volkswagen Testing ŠKODA EVs in India

0
German auto giant Volkswagen has begun to test some ŠKODA EVs in India. As per a senior official of the company, the step aims...
World Economic Forum

WEF’s Drones to Deliver Medicines in Arunachal

0
On the occasion of India’s 76th Independence Day, World Economic Forum (WEF) has initiated a pilot project called ‘Medicine from the Sky’ in Arunachal...

Mahindra To Launch Unveiled e-SUVs in 2024

0
On Monday, Indian auto-giant Mahindra & Mahindra (M&M) unveiled its five new electric sports utility vehicles (e-SUVs) --- XUV.e8, XUV.e9, BE.05, BE.07 and BE.09,...

Exclusive

World Economic Forum

WEF’s Drones to Deliver Medicines in Arunachal

0
On the occasion of India’s 76th Independence Day, World Economic Forum (WEF) has initiated a pilot project called ‘Medicine from the Sky’ in Arunachal...

Mahindra To Launch Unveiled e-SUVs in 2024

0
On Monday, Indian auto-giant Mahindra & Mahindra (M&M) unveiled its five new electric sports utility vehicles (e-SUVs) --- XUV.e8, XUV.e9, BE.05, BE.07 and BE.09,...

India All Set To Lead Global Techade: PM Modi

0
On Monday, our country culminated the 'Azaadi ka Amrit Mohotsav' with full fervour. PM Narendra Modi hoisted the national flag and addressed the nation...

Important Sectors

EV

Volkswagen Testing ŠKODA EVs in India

0
German auto giant Volkswagen has begun to test some ŠKODA EVs in India. As per a senior official of the company, the step aims...
World Economic Forum

WEF’s Drones to Deliver Medicines in Arunachal

0
On the occasion of India’s 76th Independence Day, World Economic Forum (WEF) has initiated a pilot project called ‘Medicine from the Sky’ in Arunachal...

Mahindra To Launch Unveiled e-SUVs in 2024

0
On Monday, Indian auto-giant Mahindra & Mahindra (M&M) unveiled its five new electric sports utility vehicles (e-SUVs) --- XUV.e8, XUV.e9, BE.05, BE.07 and BE.09,...

India All Set To Lead Global Techade: PM Modi

0
On Monday, our country culminated the 'Azaadi ka Amrit Mohotsav' with full fervour. PM Narendra Modi hoisted the national flag and addressed the nation...

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...

Manufacturing

EV

Volkswagen Testing ŠKODA EVs in India

0
German auto giant Volkswagen has begun to test some ŠKODA EVs in India. As per a senior official of the company, the step aims...

Mahindra To Launch Unveiled e-SUVs in 2024

0
On Monday, Indian auto-giant Mahindra & Mahindra (M&M) unveiled its five new electric sports utility vehicles (e-SUVs) --- XUV.e8, XUV.e9, BE.05, BE.07 and BE.09,...

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

Syrma SGS Gets Rs 252 Crores Before IPO

0
With its Initial Public Offering (IPO) opening today, the Electronic manufacturing services (EMS) firm Syrma SGS Technology has already raised Rs 252 crore from...