Software Technology Parks of India

13.03.2024

Software Technology Parks of India

Why in the  news?

Recently, the Software Technology Parks of India (STPI) launched its Center of Entrepreneurship (CoE) - FinGlobe.

About Software Technology Parks of India:

• It is a premier autonomous Science and Technology organization under the Ministry of Electronics and Information Technology (MeitY).
• It is engaged in promoting IT/ITES Industry, innovation, R&D, start-ups, product/IP creation in the field of emerging technologies like IoT, Blockchain, Artificial Intelligence (AI), Machine Learning (ML), Computer Vision, Robotics and Robotics Process Automation (RPA) etc.

Objectives software Technology Parks of India

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

○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 may be formulated and entrusted by the Government from time to time.

○To provide data communication services including value added services to IT / IT Enabled Services related industries.

○To promote micro, small and medium entrepreneurs by creating a conducive environment for entrepreneurship in the field of IT / IT Enabled Services.

• Significance: These centers have been playing a pivotal role in boosting IT/ITeS/ESDM exports from the respective region, generating employment, and fostering startups to develop software products.

                                       Source:PIB