close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Mohali incubation centre: Pact signed for startup

Mohali incubation centre: Pact signed for startup
Singh said he would soon be meeting the Air Force chief for permission to use their air fields for small aircraft. Image source: PTI
Updated: Wed, Jan 17, 2018
01:45 pm
PTI
RELATED NEWS
India is world's fastest-growing economy, but this time there is a tie with China, says IMF India is world's fastest-growing economy, but this time there is a tie with China, says IMF
WATCH: Chinese President Xi Jinping reaches Chennai for meet with PM Modi, welcomed by folk dancers WATCH: Chinese President Xi Jinping reaches Chennai for meet with PM Modi, welcomed by folk dancers
RBI raises lending limit of micro-finance institutions RBI raises lending limit of micro-finance institutions
RBI rate cuts benefit only home, car buyers, not us: MSMEs RBI rate cuts benefit only home, car buyers, not us: MSMEs
Rate cut cycle may extend on sub 4% inflation Rate cut cycle may extend on sub 4% inflation

Punjab Chief Minister Amarinder Singh today announced the signing of an MoU for setting up a startup in STPI's incubation centre in Mohali, where the state government has proposed the country's biggest government- supported startup hub.

The MoU was signed between the Department of Industries, Software Technology Parks of India (STPI), Indian School of Business (ISB) and Punjab Technology University (PTU). ISB and PTU will act as knowledge partners of the startup, said an official release.

Addressing a conclave on 'Mohali as next big IT hub in the North', the chief minister also announced a Rs 100 crore fund in collaboration with PTU for the Mohali Startup Hub, to be spread over an area of 45,000 sq ft.

The startup hub would be part of the state government's new policy for startups and entrepreneurship.

The chief minister also launched the Punjab Bureau of Investment Promotion's new Startup Portal, which would connect all the stakeholders.

Interacting with the audience, Singh said he would soon be meeting the Air Force chief for permission to use their air fields for small aircraft (20-seaters) to promote air connectivity in Punjab.

He said he would also discuss installation of CAT III landing with the Army chief and the Union aviation minister.

Listing the initiatives of his government to boost the IT and ITES sector, the chief minister said it has been decided to set up an 'international desk' within the Punjab Startup Hub to facilitate the new investors and entrepreneurs from across the globe.

He further said a special campaign has been launched to woo the Punjabi and Indian diaspora for making huge investments in Punjab.