Software Technology Parks of India (STPI)

Software Technology Parks of India 

Software Technology Parks of India is now repositioning itself to be able to drive the next wave of digital transformation that is set to sweep across the country.

About Software Technology Parks of India

• STPI was established in 1991 as an autonomous society under the Ministry of Electronics and Information Technology (MeitY). 
• STPI strives to promote software exports from the country and has been implementing the Software Technology Park (STP) scheme and Electronics Hardware Technology Park (EHTP) scheme for the promotion of the IT/ITES industry.
• STPI helps in facilitating software development, export, and compliance with regulatory requirements, including customs and foreign exchange rules.
• Further, STPI is nurturing pan India start-up ecosystem through its initiatives like Centres of Entrepreneurship (CoEs) & Next Generation Incubation Scheme (NGIS).
• STPI Services:
  • Infrastructure Support: Provides plug-and-play office space with IT infrastructure for software exporters.
  • Customs Clearances: Facilitates duty-free imports of capital goods, consumables, and other goods necessary for software export.
  • Statutory Compliance: Ensures compliance with export regulations and assists companies in meeting their export obligations.
  • Consultation and Guidance: Offers advice and support on matters related to exports, tax exemptions, and regulatory issues.

Source: TH

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