Punjab

Govt signs MoU for excellence in Microelectronics

Govt signs MoU for excellence in Microelectronics

TPE Correspondent

Chandigarh, December 7

Punjab Government on Friday signed a tri-party Memorandum of Understanding (MoU) to establish a Centre of Excellence in Microelectronics. Application-Specific Integrated Circuit  (ASIC) Design to be established on the premises of Software Technology Parks of India (STPI) in Mohali.

The MoU was exchanged by Director IT department Punjab, Tanu Kashyap, with heads of Semi-Conductor Laboratory (SCL) and STPI during the panel discussion session on ‘IT/ITeS and ESDM— Emerging IT Technologies: opportunities for Industry and State’ on the concluding day of ongoing Progressive Punjab Investors Summit.

Setting the context for the theme of the Progressive Punjab Investors Summit, Principal Secretary Finance Anirudh Tewari explained the role of emerging technologies in future IT scenario and also the State IT/ESDM world class ecosystem including the IT city near the International Airport which was rapidly emerging as the next IT destination.He further stated that the Punjab Government had undertaken several policy changes for promoting ease of doing business to facilitate maximum investments in the state.

“Punjab is a beautiful place for Industrialists with half of the Air Quality Index (AQI) as compare to Delhi besides having the much-needed infrastructure, uninterrupted power supply @Rs 5/unit for industry, highest road density, air connectivity and safest for women employees,” he said. Mohali is the only city in the country which is a central pool of academic institutions and industries together, he added.

Terming Punjab as the most fertile destination for IT sector, CEO Bebo Technologies Rajeev Rai said that he could have invested in Delhi or Bengaluru but he has chosen Mohali due to tremendous Government support besides availability of young and talented minds.

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