AI Generated Summary
- With focused efforts on branding Mohali as a technology powerhouse—often likened to aspirations of becoming the “Silicon Valley” of the region—the Progressive Punjab Investors’ Summit 2026 marked a pivotal moment in elevating its status on the national and global stage.
- Key offerings include a 75% net SGST reimbursement for 10 to 15 years for eligible IT and ITeS units, employment generation subsidies of Rs 5,000 per employee per month for five years, and capital subsidies up to 20% of fixed capital investment (capped at Rs 10 crore).
- Experts and participants highlighted Mohali’s unique advantages, including a skilled talent pool drawn from nearby educational institutions, a conducive business environment in the Tricity region (Chandigarh-Mohali-Panchkula), modern infrastructure, and lower operational costs compared to established metros like Bengaluru, Hyderabad, or Pune.
Mohali is rapidly emerging as a premier Tier-I IT hub, a vision strongly promoted during the recent Progressive Punjab Investors’ Summit 2026 held in SAS Nagar (Mohali). The three-day event, which concluded on March 15, 2026, at Plaksha University, brought together industry leaders, global investors, and technology experts to showcase the region’s potential in information technology, artificial intelligence, and digital innovation.
A dedicated session on IT and IT-enabled services (ITeS), themed “Punjab Offer: Promoting Global Capability Centres (GCCs) with Speed, Clarity, and Aftercare,” drew significant attention. Experts and participants highlighted Mohali’s unique advantages, including a skilled talent pool drawn from nearby educational institutions, a conducive business environment in the Tricity region (Chandigarh-Mohali-Panchkula), modern infrastructure, and lower operational costs compared to established metros like Bengaluru, Hyderabad, or Pune. These factors position Mohali as an attractive alternative for technology-led investments, startups, and GCCs.
The Punjab government emphasized robust incentives under the Industrial and Business Development Policy 2026 to accelerate growth in the sector. Key offerings include a 75% net SGST reimbursement for 10 to 15 years for eligible IT and ITeS units, employment generation subsidies of Rs 5,000 per employee per month for five years, and capital subsidies up to 20% of fixed capital investment (capped at Rs 10 crore). Additional benefits cover stamp duty exemptions, power subsidies, and streamlined approvals to ensure speed and clarity for investors.
Mohali’s transformation is supported by ongoing developments, such as the Mohali IT City project and upcoming initiatives like the 182-acre Expo City nearby, which plans to feature dedicated facilities for AI and emerging technologies. The Chandigarh-Mohali technology corridor has already attracted major players in software development, fintech, data analytics, cybersecurity, and AI solutions. Industry representatives noted the region’s growing ecosystem of startups, research institutions, and professionals, fostering innovation in SaaS, GCC operations, and advanced tech.
Participants agreed that Mohali’s strategic location, quality human resources, and progressive policies create a compelling case for it to rise as a Tier-I IT destination. The summit underscored the city’s potential to become a vibrant hub for digital innovation, with strong interest in AI integration, Global Capability Centres, and knowledge-driven enterprises.
The overwhelming response during the event, including commitments across sectors, reflects confidence in Mohali’s trajectory. As infrastructure expands and incentives take effect, the city is poised to contribute significantly to India’s tech landscape, offering sustainable growth opportunities for investors seeking cost-effective, high-talent environments outside traditional hubs.
With focused efforts on branding Mohali as a technology powerhouse—often likened to aspirations of becoming the “Silicon Valley” of the region—the Progressive Punjab Investors’ Summit 2026 marked a pivotal moment in elevating its status on the national and global stage.
