What is the Software Technology Park of India (STPI)?

What is the Software Technology Park of India (STPI)?

Software Technology Parks of India (STPI) is a society introduced in 1991 through the Indian Ministry of Electronics and Information Technology with the objective of encouraging, encouraging and boosting the export of software from India. STPI regulates and has control over internal engineering resources to provide consulting, training and implementation services. Services include network design, system integration, installation, operations and maintenance of application networks and facilities in varied areas. It is an export-focused scheme for the development and export of computer software, including export of professional services.

The staged development of STPI is in accordance to the Quality Management System and cling to ISO 9001 certification. The STP Scheme provides various advantages to the registered units, covering 100% foreign equity, tax incentives, duty-free import, duty-free indigenous procurement, CST reimbursement, DTA entitlement, and deemed exports.

STPI has played a seminal role in India has earned a reputation as an information technology superpower. STP units exported software and information technology worth Rs. 215264 crore in FY 2010-11. The state with the largest export contribution was Karnataka followed by Maharashtra, Tamil Nadu, Kerala, and Telangana.

STPI has a presence in many major cities of India covering the cities of Bangalore, Chennai, Hyderabad, Trivandrum, Kanpur, Bhubaneswar, Kolkata, Mumbai, Nagpur, Kakinada, Lucknow, Pune, Surat, Tirupati, Vijayawada and Visakhapatnam.

Besides controlling the STP scheme, STPI centres also give a variety of services including high-speed data communication, incubation facilities, consultancy, network monitoring, data centres, and data hosting. STPI provides physical hosting for the National Internet Exchange of India.

The tax benefits under the Income Tax Act Section 10A applicable to STP units has become obsolete since March 2011. While the Government has chosen not to increase the duration of the Sec 10A benefits against the demand by the IT units, most of the STP registered SME units will be affected, and now will have to pay income tax on profits earned from exports.

New incentive programs for IT and ITES companies are under discussion. It will provide help in dispersal of IT industry in smaller cities and also support STPI-registered units which have not come under SEZs as well as other units which are not covered under any incentive scheme. This incentive scheme is seen as another scheme to compensate the STPI units, but the same would be restricted to those units pinned in a location in tier II and III cities.

India has gained itself a reputation of an Information Technology superpower. Software Technology Parks of India has played a seminal role in completing this status. Now Software Technology Parks of India across over the country is synonymous with mind-blowing Infrastructure and Statutory support aimed at furthering the growth of Information Technology in the country.

Software Technology Parks of India is an Autonomous Society established by the Ministry of Electronics and Information Technology (MeitY), Government of India in 1991, with the purpose of encouraging, promoting and boosting the Software Exports from India.

Software Technology Parks of India regulates internal engineering resources to assist consulting, training and implementation services. Services include Network Design, System Integration, Installation, Operations and maintenance of application networks and facilities in varied areas.

Process development is based on the Quality Management System. Software Technology Parks of India centre also adhere to ISO 9001 certification. World class One Stop Solutions Service Portfolio specially made to meet your organization’s needs.

Objectives of Software Technology Parks of India

(a) To boost the development and export of software and software services including Information Technology (I.T.) Enabled Services/ Bio-IT.

(b) To provide statutory and other promotional services to the exporters by implementing Software Technology Park/ Electronics and Hardware Technology Park Schemes and other such schemes this can be formulated and entrusted by the Government periodically.

(c) To give data communication services including value-added services to IT / IT Enabled Services related industries.

(d) To encourage micro, small and medium entrepreneurs by creating a conducive environment for entrepreneurship in the field of IT / IT Enabled Services.

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