IT exports from Punjab,Chandigarh to touch Rs 5,000 cr by 2020 -Governance Now

IT exports from Punjab,Chandigarh to touch Rs 5,000 cr by 2020

STPI - Mohali provides direct employment to over 12,000 people

PTI | September 22, 2010

IT exports from Punjab and Chandigarh would touch Rs 5,000 crore by 2020, said Software Technology Park of India (STPI) Mohali Joint Director and Center Head Ajay P Shrivastava.

IT export reached Rs 1,196 crore in 2009-10 and it is expected that it would reach Rs 1,400 crore in the current fiscal, he said in a release.

Started in the year 1998 with barely four companies and a manpower of approximately 50 people, STPI Mohali today has over 150 actively operating companies registered with it and provides direct employment to over 12,000 people.

The region is the most promising IT hub in the country, especially with the highly proactive governments and the evolving ecosystem, he stated.

"With the availability of newer technologies in the market like Web 2.0 and 3G mobile applications, combined with the natural entrepreneurship of the local residents, fresh and innovative solutions and products will be developed creating new business opportunities both in domestic as well as global markets," said Shrivastava.

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