In
2013, top Akali leaders including the then Deputy Chief Minister, Sukhbir Singh
Badal made repeated assertions that Mohali (SAS Nagar) in Panjab would soon become
IT hub just like Bengaluru and Hyderabad. Similarly this year, before Panjab
assembly elections, the former Punjab Congress Chief Navjot Singh
Sidhu said that his party wants to make Mohali, the Silicon Valley of North
India.
In
last nine years, the IT Hub in Mohali remained confined to political speeches, but
in reality it(Mohali) is nowhere compared to Bengaluru and Hyderabad, when one
talks about Information Technology sector. Although, Mohali has an IT City for IT companies and also
Aerocity to accommodate the expected wave of IT professional but it failed to
attain desired growth in IT.
So,
what went wrong? Let’s have a look on stumbling blocks and what needs to be
done:
The state needs to have
right inspiration. If the state government thinks that they have perfect start
up policy then they have set the standard too low. The state needs to look at
the policies of the other states and should try to improvise its policy
accordingly. The biggest challenge is that the state government doesn’t have
funds. In that case, they can create PPP kind of model by involving private
sector and create a corpus.
Lack of
Air connectivity
The government support
is very important, if it intends to make an IT Hub. Entrepreneurs claim the
will is missing and flexibility is not there. For example, the approval of
building plan is very time consuming. The entrepreneurs are of the view that since
the land prices are very high and IT is not a real estate development so, even
a week delay in approval adds to input cost forget about months delay. In order
to attract IT industry, there should not be any bureaucratic hurdle and
building plan and other infrastructure should be approved or provided in a time
bound manner.
Absence
of Venture capitalists
Startups by their very nature are fragile as they
require a constant inflow of capital. There is a presence of some organisations
providing funding like TiE and Chandigarh Angels Network but Mohali needs more
such organisations to support the emerging startup ecosystem in the city.
Panjab do have pool of young talent but the problem is that they migrate to tech hubs like Gurgaon, Hyderabad, Pune for better opportunities. It happens because we don’t have big tech giants. The pay scale for the IT professionals is also not very encouraging in Mohali when compared to established IT hubs. So, what IT sector needs is a better infrastructure so that companies can scale up.
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