The State is closely working to promote the sector which would not only yield economic growth but also provide employment to the youth. In this regard, Punjab Infotech under the aegis of Government of Punjab has been devising a "Strategy and Action plan for the promotion of IT/Knowledge IndustryIT units refer to companies in the IT hardware, IT software and other Knowledge Industry units such as Biotechnology, Nanotechnology, and Telecommunications etc. IT software industry includes IT software, IT services and IT Enabled Services.

Knowledge Industries include IT/Knowledge Industry, Nanotechnology, Consulting, Biotechnology,electronics, and telecommunications. This also includes Research and Development services and other specialized Institutions. Industry in Punjab". The Corporation has appointed Ernst & Young for devising the Strategy and Action Plan and its implementation.

In order to attain efficiency of scale and improve the productivity the Corporation has undergone organizational restructuring with its activities being demarcated in four main divisions- Infrastructure Development, Investor Relation & Policy Advocacy, Human Capital Development and Support Management.