Feedback Ventures to help plan IT Tower in Mohali
BESIDES the upcoming high rise residential apartments in and around Mohali, the city will boast of an information technology (IT) tower soon. The tower is proposed to be set up over 8 acres belonging to Punjab Infotech in Sector 67. Punjab Infotech has now enrolled Punjab Infrastructure Development Board (PIDB) to prepare a plan for the development of the area with the hope of raising an IT tower as a landmark. Talking to ET, Punjab Infotech MD Rakesh Kumar Verma said the complex to be developed would boast of builtup-space with an IT tower “ so as to make it a landmark feature in Mohali for everyone to notice it.” Acting as a facilitator in promoting the growth of the IT industry in the the state, he said,the corporation has urged the Punjab Infrastructure Development Board (PIDB) to prepare a plan for the proposed project with a view to involving a private party for its development. He said the corporation also plans to set up an incubation centre in Mohali over 2 acres of land, akin to the one in Punjab Engineering College(PEC) in Chandigarh. The new start ups will have the support of the Software Technology Parks of India(STPI). PIDB, it is learnt,has requisitioned the services of Feedback Ventures as a consultant to help prepare a feasibility report over the next 2-3 months with a definite structure of the proposed project.This project is proposed to be developed on the public private partnership (PPP) initiative. Meanwhile,Punjab Infotech also contemplates setting up an information technology (IT) park in the proposed sector specific focal point to be developed by the Punjab Small Industries Export Corporation (PSIEC) around Thekanjla inbetween the Jalandhar-Kapurthala belt.The proposed focal point spread over 250 acres of land will boast of several clusters of industries in different areas with significant export potential. The land belongs to the jails department and this is proposed to be given to the Punjab Small Industries Export Corporation (PSIEC) for its development as an industrial focal point. Mr Verma said of the proposed 250 acres the IT park may be developed in an area covering between 150-180 acres. With land cost turning out to be prohibitive between Rs 1-2 crore for an acre in Mohali the new entrants desirous of setting up their industrial ventures in the IT field would have to look for clusters such as the one proposed an IT cluster in the planned focal point near Kapurthala. PSIEC, it is pointed out,would be in a position to get the 250 acres of land near Kapurthala within the next two months for developing it as a focal point