The absence of seed capital and venture funding support notwithstanding, a couple of startups in the technology space have relocated to Punjab in the past few years. According to entrepreneurs, low operating cost and good Wi-Fi infrastructure are major factors for attracting new investments.
Jorie Healthcare Partners, a Chicago-based company providing revenue cycle management and practice management services to the US healthcare industry, set up an Indian arm — Jorie Healthcare (P) Ltd — in Mohali with an investment of over $7 million in September 2019. Since its inception, it has grown from 11 employees to over 250 today.