Canadian IT firm Kitchener to invest $100 million in Mohali

In a world where data is precious and data integrity is critical, data security becomes non-negotiable. To provide high availability and back-up, offer a wide range of OS and software environments, all with remote management, even virtual servers for economical capacity management. It ensures the data center provides the highest level of security, integrity and redundancy available in the data center solutions industry. With the outsourcing market booming in India. The rapid growth in business has meant that infrastructure is at a premium and most companies with captive data centers have already run out of space and power. As part of bilateral economic cooperation between Punjab and the province of Ontario (Canada), Canadian IT firm Kitchener evinced keen interest to invest 100 million dollars in Mohali IT Park to establish data centre services.

An MoU was inked between Punjab and Ontario in this regard. The agreement emphasises on advancing avenues of economic cooperation. An official spokesman said principal secretary, industries and commerce Anirudh Tewari and Helan Angus, deputy minister, ministry of citizenship, immigration and international trade signed the MoU in Punjab Bhawan in the presence of Punjab deputy chief minister Sukhbir Singh Badal and Ontario premier Kathleen Wynne. Sukhbir said exchange of expertise in skill development would be emphasised and Punjabi diaspora in Canada would use the opportunity to invest in Punjab. Sukhbir described Punjab as a hot favorite destination for investment, with two successful progressive Punjab Investor summits.

The bilateral agreement will focus on exploring business and investment opportunities in Ontario and Punjab through seminars and exchange of ideas by industrialists. It will also enhance knowledge about core sectors and rapid economic development of both regions. Also offered co-operation in strengthening the relationship between the two provinces.

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