M&M to infuse Rs 100cr in Punjab''s IT sector

Ludhiana; The $4.5-billion Mahindra Group on June 19, said it will infuse Rs 100 crore in the IT sector in Punjab, besides tapping its agri potential by taking up potato seed development in the state. Tech Mahindra Ltd, which provides IT solutions, will infuse Rs 100 crore in the Rajiv Gandhi Technology Park for IT development in Punjab and will offer 3,000 jobs to the people. The group was keen to develop potato seed in Ludhiana, Jalandhar and Nawanshahar. The company will give technical know-how and extension services to the farmers for producing high quality potato seed.Mahindra Group has also asked the Punjab government for establishing a university in Chandigarh in line with its objective of setting up a Mahindra University.