A Software Technology Park of India (STPI) centre will come up in Panchkula, with the State government of Haryana deciding to transfer more than 8,049 square metres of space in the the town to STPI society.
The land will be allocated for a token lease money of a rupee for each of the 99 years. A memorandum of understanding will be inked by Haryana State Electronics Development Corporation Limited (Hartron) and the STPI.
A decision in this regard was taken at a meeting of the state cabinet, chaired by Haryana Chief Minister Manohar Lal.
The reasons behind choosing the place is Panchkula has the potential to attract information technology industry because of its proximity to the technical institutions, universities and software park of Chandigarh and Mohali.
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