With the dismantling of license permit raj and emergence of IT, the Corporation was rechristened as Punjab Information and Communication Technology Ltd.(PICTCL) in the year 2002. The Corporation's focus shifted to the promotion of IT Industry and undertaking IT and E-Governance projects.
Punjab Infotech has allotted about 50 acres of land for the development of Quark Media House, a subsidiary of Quark Ink. USA in Phase VIII Mohali.
The establishment of Software Technology Park, Mohali was the result of initiatives taken by Punjab Infotech.
The Corporation adopted a holistic four pillar strategy based on Infrastructure, Human Resources, Investor Relations and Policy Advocacy.
The Corporation was designated the nodal agency for Investment Promotion Campaign by Punjab Government in year 2013 and has been organizing various Roadshows and Summits along with PBIP to promote Punjab as the most preferred Investment destination.
Punjab Startup Cell has been set up at Punjab Infotech in year 2016 under the Department of Industries and Commerce, Government of Punjab which has been entrusted to build a strong eco-system for nurturing innovation and to ensure necessary convergence & synergy in various Central and State programs promoting innovation, entrepreneurship and Startup. This cell is also working for the registration of startups and providing incentives to registered startups.