Wednesday, July 16, 2014

Software Technology Parks of India (STPI)

Software Technology Parks of India (STPI) is a government agency in India, established in 1991 under the Ministry of Communications and Information Technology, that manages the Software Technology Park scheme. It is an export oriented scheme for the development and export of computer software, including export of professional services. 

The STP Scheme provides various benefits to the registered units, which includes:
  1. 100% foreign equity, 
  2. tax incentives, 
  3. duty-free import, 
  4. duty-free indigenous procurement, 
  5. CST reimbursement, 
  6. DTA entitlement, 
  7. deemed export etc.

STPI has played a seminal role in India having earned a reputation as an information technology superpower. STP units exported software and information technology worth Rs. 215264 crore in FY 2010-11. The state with the largest export contribution was Karnataka followed by Maharashtra, Tamil Nadu and Andhra Pradesh. STPI has a presence in many of the major cities of India including the cities of Bangalore, Mysore, Trivandrum, Bhilai, Bhubaneswar, Chennai, Coimbatore, Hyderabad, Gurgaon, Pune, Guwahati, Noida, Mumbai, Nagpur, Kolkata, Kanpur, Lucknow, Dehradun, Patna, Rourkela, Ranchi, Gandhinagar-Gujarat, Surat, Imphal, Shillong, Nashik etc.

STPI centers provide variety of services, which includes:
  1. High Speed Data Communication, 
  2. Incubation facility, Consultancy, 
  3. Network Monitoring, 
  4. Data Center, 
  5. Data Hosting etc. 
  6. provides physical hosting for the National Internet Exchange of India
  7. regulating the STP scheme


The tax benefits under the Income Tax Act Section 10A applicable to STP units has expired since March 2011. While the Government has chosen not to extend the Sec 10A benefits against the demand by the IT units, most of the STP registered SME units shall be affected, who now will have to pay Income Tax on profits earned from exports.
Posted by at Labels: , ,

6 comments:

  1. Anonymous09 April, 2019 11:26

    Heya i am for the first time here. I came across this board and I find It really useful & it helped me out a lot.
    I hope to give something back and aid others like you helped me.

    ReplyDelete
  2. Anonymous14 April, 2019 20:34

    Hi there, I found your site by means of Google even as searching for a comparable subject, your
    website came up, it appears to be like great. I have bookmarked
    it in my google bookmarks.
    Hello there, simply become alert to your weblog thru Google, and located that it's truly informative.
    I am going to be careful for brussels. I will be grateful
    if you happen to proceed this in future. Many people will be benefited
    from your writing. Cheers!

    ReplyDelete
  3. Anonymous15 April, 2019 05:17

    Pretty nice post. I just stumbled upon your weblog and wished to say that I've really enjoyed browsing your blog posts.
    After all I'll be subscribing to your rss feed and I hope you
    write again soon!

    ReplyDelete
  4. Anonymous16 April, 2019 18:40

    Valuable info. Lucky me I discovered your web site accidentally, and
    I am stunned why this coincidence didn't took place in advance!
    I bookmarked it.

    ReplyDelete
  5. Anonymous22 April, 2019 12:37

    I'm gone to inform my little brother, that he should also pay a quick
    visit this webpage on regular basis to take updated
    from latest gossip.

    ReplyDelete
  6. Anonymous30 April, 2019 06:43

    It's amazing to visit this web site and reading the views of all friends regarding this article, while I am also eager of getting know-how.

    ReplyDelete

Subscribe to: Post Comments (Atom)

Random Articles:

  • Microsoft Surface
    15.04.2013 - 0 Comments
    It is a multi-touch product from Microsoft which has been developed as software and hardware combination technology that allows a user, or multiple users, to manipulate digital content by the use of natural motions, hand gestures, or physical objects. The product provides effortless interaction…
  • Method of National Plan Formulation
    22.03.2014 - 0 Comments
    The Plan has to go through various stages in order to reach its final form. About 2-3 years before the implementation of the Plan, the discussions on the targets and programs of the plan begins. The Planning Commission collects the data of national product, national consumption, availability of…
  • National Mission on Libraries
    16.04.2013 - 0 Comments
    The National Knowledge Commission (NKC) in its Report to the Nation (2006-2009) made ten major recommendations on libraries. In pursuance of this, a High Level Committee to be called as National Mission on Libraries (NML) has been set up by the Government of India The composition of the…
  • Satellite Communication
    17.04.2013 - 0 Comments
     I. Introduction An artificial satellite is a manufactured object that continuously orbits the Earth or some other body in space. Most artificial satellites orbit the Earth. People use them to study the universe, help forecast weather, transfer telephone calls over the oceans, assist…
  • Pradhan Mantri Ujjwala Yojana | Free LPG Gas Connection Scheme
    16.05.2016 - 0 Comments
    A unique Indian central government scheme to extend availability of cooking gas to the women who belong to households that are Below Poverty Line (BPL). It is well known that India with its vast rural area have a huge population who are yet resorting to usage of cooking fuel that is both…
  • NATIONAL POLICY FOR THE EMPOWERMENT OF WOMEN
    09.04.2013 - Comments Disabled
    NATIONAL POLICY FOR THE EMPOWERMENT OF WOMEN As a follow up action to the commitments made by India during the Fourth World Conference on Women held in Beijing during Sep. 1995, the Department has drafted a National Policy for the Empowerment of Women after nation-wide consultations to…
  • National Optical Fibre Network (NOFN)
    05.04.2013 - 0 Comments
    for providing broadband connectivity to panchayats at an initial cost of over Rs.20,000 crore, which will help in offering governance, banking and health services online. aims to extend the existing optical fibre network, which is available up to district and block levels, to the gram…
  • National Green Tribunal
    13.04.2013 - 0 Comments
    National Green Tribunal Act (NGT) was established in 2010, under India's constitutional provision of Article 21, which assures the citizens of India, the right to a healthy environment.The enactment of the law takes into account the (i) United Nations Conference on the Human Environment…