STPI stands for Software Technology Parks of India. It is an autonomous society established in 1991 by the Ministry of Electronics and Information Technology, Government of India. STPI is responsible for promoting and accelerating the growth of software exports from India.
As a specialized park, STPI provides various infrastructure facilities and services to software companies, including incubation centers, ready-to-use office spaces, high-speed data communication links, and other necessary infrastructure for software development and export. These parks are strategically located in different cities across India to promote the development of the IT industry in different regions.
The primary objective of STPI is to provide a conducive environment for software companies to flourish and export their services globally. It offers several benefits to its registered member companies, such as tax exemptions, financial incentives, and other incentives to encourage innovation and entrepreneurship.
STPI plays a crucial role in enhancing India's position as a global IT leader. It supports the growth of industries like software development, IT-enabled services, e-commerce, and bioinformatics, among others. By promoting an ecosystem that fosters the growth of technology-based industries, STPI contributes significantly to the overall economic development of the country.
In summary, STPI is an autonomous society in India that facilitates the growth of software exports by providing infrastructure facilities, financial incentives, and a conducive environment for software companies.
