Software Technology Parks to become operational soon in Amritsar

03 May 2022 CW Team

STPI Director General Arvind Kumar told the media that the facility is ready and will be inaugurated soon. Since the STPI is operating on the modalities to bring in information technology (IT) and Information Technology enabled Services (ITes) companies to tier-II and III cities, this will be a step in that direction.

STPI Director General Arvind Kumar was in the city to participate in the seventh edition of North India’s biggest startup and Entrepreneurial Event TieCon 22.

The ecosystem should concentrate on new startup units and big IT organisations for the IT sector development in the area. Due to the high cost of land, small new IT units are unable to begin operations. So this incubation facility in Amritsar will go a long way in encouraging entrepreneurship in the area. The STPI at Mohali recorded an export turnover of Rs 5,000 crore last financial year (FY).

Presently, there are 42 startups registered with Startup Punjab. Secretary-cum-Director Industries and Commerce, Punjab, Sibin C, said the number might look small, but the quality of the start-up was exceptional.

The state has already launched Innovation Mission Punjab, a unique public-private partnership (PPP) to get in leading global investors and experts to catalyse the start-up ecosystem in the state to promote start-ups. The mission plans to unleash Punjab’s growth potential and produce a booming economy that generates jobs. An innovation fund of Rs 150 crore had also been generated to fund the start-ups, Sibin said.

The STPI centre will offer facilities such as plug and play, incubation, data centre and is spread over 40,000 sq ft. It will motivate IT/ITes entrepreneurs to set up shop and begin operations in the area.

Image Source

Also read: Govt approves Rs 20 crore for IT park facility in Nashik

Amritsar may soon be a hub of small and medium enterprises (SMEs) in Punjab after Mohali as the much-awaited state-of-the-art second centre of Software Technology Parks of India (STPI) is expected to become operational soon. STPI Director General Arvind Kumar told the media that the facility is ready and will be inaugurated soon. Since the STPI is operating on the modalities to bring in information technology (IT) and Information Technology enabled Services (ITes) companies to tier-II and III cities, this will be a step in that direction. STPI Director General Arvind Kumar was in the city to participate in the seventh edition of North India’s biggest startup and Entrepreneurial Event TieCon 22. The ecosystem should concentrate on new startup units and big IT organisations for the IT sector development in the area. Due to the high cost of land, small new IT units are unable to begin operations. So this incubation facility in Amritsar will go a long way in encouraging entrepreneurship in the area. The STPI at Mohali recorded an export turnover of Rs 5,000 crore last financial year (FY). Presently, there are 42 startups registered with Startup Punjab. Secretary-cum-Director Industries and Commerce, Punjab, Sibin C, said the number might look small, but the quality of the start-up was exceptional. The state has already launched Innovation Mission Punjab, a unique public-private partnership (PPP) to get in leading global investors and experts to catalyse the start-up ecosystem in the state to promote start-ups. The mission plans to unleash Punjab’s growth potential and produce a booming economy that generates jobs. An innovation fund of Rs 150 crore had also been generated to fund the start-ups, Sibin said. The STPI centre will offer facilities such as plug and play, incubation, data centre and is spread over 40,000 sq ft. It will motivate IT/ITes entrepreneurs to set up shop and begin operations in the area. Image Source Also read: Govt approves Rs 20 crore for IT park facility in Nashik

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..