The cabinet approval was given at a meeting chaired by Chief Minister Amarinder Singh here today, the official spokesperson said after the meeting.
The move will help creatw nearly 2,400 direct jobs while boosting the state's GDP by Rs 6,500 crore, he claimed.
The proposed university will focus on skill development in IT and IT-enabled services, biotechnology, biosciences, material sciences and nanotechnology and will help push up the tax revenue by Rs 600 crore, he said.
Based on the proposals received, an area of 50 acres earmarked for IT/ITES, may be allocated for setting up the university.
These bureaus will function as a platform to facilitate all kinds of employment opportunities for the youth, including overseas employment, skill training, self-employment, enterprise and entrepreneurship development, he said.
The cabinet also decided to set up a state-level apex committee and a district governing council of the bureau to implement the 'Ghar Ghar Rozgar' programme.
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