The Evolution of Software Technology Parks in India A Timeline.pdf

STPs have significantly contributed to India's position as a major player in the global IT sector. Their continuous adaptation to the evolving technological landscape ensures their enduring relevance in supporting the growth of the Indian software industry.

1. The Evolution of Software
Technology Parks in India: A
Timeline


Software Technology Parks (STPs) have played a pivotal role in propelling
India's growth as a global software development hub. Here's a glimpse into their
journey:

1991: Setting the Stage

 Establishment: The Government of India establishes STPI under the
Ministry of Electronics and Information Technology (MeitY).
 Objective: To foster the development and export of computer software.
 Initial Focus: Setting up physical infrastructure like STPs in major cities to
provide essential facilities and services to IT companies.

1995-2000: The Growth Phase

 Expansion: New STPs established across India, particularly in Tier II and
Tier III cities.
 Policy Initiatives: Introduction of tax benefits and incentives for STPI
registered units, including:
 100% income tax exemption on export profits.
 Exemption from customs and excise duties for hardware imports.
 Focus: Attracting foreign investments and promoting the domestic software
industry.

2000-2010: The Consolidation Era

2.  Focus Shift: Emphasis on promoting research and development (RD)
activities within STPs.
 Infrastructure Upgrade: Providing high-speed internet connectivity and
incubation facilities for start-ups.
 E-governance Initiatives: Introduction of online application processes
for STPI registration.
010-Present: Embracing the Digital Age
 Focus: Encouraging innovation and the development of new-age
technologies like Artificial Intelligence (AI) and Big Data.
 Ecosystem Building: Collaboration with academia and industry
stakeholders to create a supportive environment for tech entrepreneurs.
 Continuous Improvement: Streamlining the STPI registration process in
India and offering online services for greater transparency and ease of
access.
It's important to note that:
 While this timeline mentions keywords related to STPI registration, it is not
recommended to directly include website links or service offerings within
the informational content.
 Readers can find the official STPI website and relevant information through
organic searches using the provided keywords.
Overall, STPs have significantly contributed to India's position as a major player
in the global IT sector. Their continuous adaptation to the evolving technological
landscape ensures their enduring relevance in supporting the growth of the
Indian software industry.