Software Technology Parks of India
Software Technology Parks of India (STPI) is a Society under Department of Electronics & Information Technology, Ministry of Communications and Information Technology, Government of India, established in 1991 with the objective of boosting the Software & Hardware Exports from India. STPI has been the critical support agency for the Indian Information Technology & Hardware Industry for the statutory services, technology services, incubation services, industry promotion and government interfacing services. STPI’s Industry Promotional and Service Provider role has been one of the key ingredients in the success story of Indian IT offshore industry, which is as big as US$ 75. 8 Billion (in 2012-13). The headquarter of STPI is in the national capital New Delhi. STPI have eight jurisdictions and 53 centers in India. Today, STPI’s member units contribute more than 85% of overall Indian Software Exports.
The contribution of software industry to the growth of GDP of India has been phenomenal. The IT industry has been supported by STPI, Govt of India and as a result IT industry has witnessed the significant growth. STPI has helped industry not only as a statutory body in implementing various STP schemes but also in providing data communication and host of other technical services.
STPI facilitates IT/ITES units by providing regulatory services for implementation of STP/EHTP Schemes, world-class data connectivity, consulting, infrastructure solutions and incubation facilities, which aim to encourage, promote and boost software and electronic hardware exports.
Today, over 8000 Software exporting companies and 160 Electronic Hardware exporting companies under the STPI umbrella, account for the lion’s share of the country’s software and electronic hardware exports.
Unlike software industry, the growth of hardware industry in India has been slow and steady. This is due to the fact that, the initial investment to be made in hardware industry is very high as compared to software industry and product time to market takes huge amount of time.
The Indian Semiconductor industry stood at US$ 6.54 billion in 2012 and is expected to grow to US$ 9.66 billion by 2015 as per a report by the India Electronics & Semiconductor Association (IESA) and Frost & Sullivan. By the time the Indian ESDM market grows to US$ 400 Billion, the consumption of semiconductor devices in India is expected to touch between US$ 55 to US$ 60 billion. For details of information about Software Technology Parks of Odisha please access http://www.bbs.stpi.in