Global financial crisis hits IT industry in Punjab

Swarleen Kaur
Posted: Thursday, Dec 04, 2008 at 0125 hrs IST
Updated: Thursday, Dec 04, 2008 at 0125 hrs IST

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Chandigarh: years. The state government has failed to motivate these units. However, STPI registered exports to tune of Rs 822.27 crore this year.

Ripple effect

• The impact of global financial meltdown spilled over to Punjab in October when a software major in Mohali, Quark, showed 147 contractual staffers the door

• Allthough there are more than 18 SEZ projects proposed in Punjab but till date only one SEZ belonging to Quarkcity became a reality...

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Global financial crisis hits IT industry in Punjab

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