Mohali emerging as preferred GCC destination: Seema Bansal
Punjab Newsline, Chandigarh-
Strategic consultation held with GCC leaders to shape Punjab's vision, policy framework, and ecosystem for making Mohali a preferred GCC destination. Cabinet Minister Sanjeev Arora informed in the GCC round table conference that the Information Technology (IT) sector has become a powerful catalyst for economic growth, innovation, and knowledge-driven development across the world. Mohali is rapidly emerging as an important destination for technology-led investments, supported by a strong talent pool, modern infrastructure, and a progressive policy environment that encourages digital innovation and entrepreneurship.
Recognising the immense potential of the IT sector, the Government of Punjab is committed to create a vibrant ecosystem that supports software development, digital services, artificial intelligence, data analytics, fintech, cybersecurity, and emerging technology solutions. The State is also encouraging the establishment of Global Capability Centres (GCCs), technology development hubs, and innovation-driven startups that can serve global, markets of Punjab.
The Mohali- Chandigarh technology corridor has already evolved into a key hub for IT and IT-enabled services, attracting leading companies and fostering a dynamic ecosystem of startups, research institutions, and professionals technology.
World-class educational institutions are producing highly skilled graduates every year, Punjab offers a strong pipeline of talent for technology-driven industries,he added.
Seema Bansal Vice Chairperson Punjab Development Commission informed that newly launched industrial policy provides a competitive incentive framework that supports investments in IT parks, technology campuses, research and development facilities, and innovation centres. Key incentives to be given include capital subsidies, employment generation incentives, SGST reimbursement, and infrastructure support, enabling companies to scale operations efficiently.
Furthermore she highlighted that Punjab's strategic location, excellent connectivity, and quality of life make it an attractive destination for technology professionals and global companies alike.
She said Punjab Government has adopted flexible incentive structure designed to facilitate investments. Now Investors can choose incentive disbursement period from 10 to 15 years.Overall incentives up to 125% of FCI for IT/ITES units and GCC; 80% of FCI for Data Centres. She stated that incentives to be disbursed in annual equal instalments.
Sreyssha George Managing Director & Partner, BCG, Shalini Pillay India Leader - GCC, KPMG India, Shivraj Palta Chief Strategy Officer, Everise, Gautam Jha Lead AI/ML Partner Specialist, AWS, Achutya Ghosh Executive Research Leader, HFS Research, Dr. Bimal Deep Singh Infosys, Mr. Dushyant Thakor Deputy Executive Director, WAΙΡΑ, Karthikeyen Kulathumani Vice President, Invest India, Sanjeev Pahwa Cotiviti were present in GCC round table conference.