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Technology Park

The Ministry of Electronics and Information Technology (MeitY) is providing a rental waiver to small IT units in Software Technology Parks of India to support the sector during the Covid-19 lockdown. This initiative will benefit around 200 IT-ITeS MSMEs and approximately 3,000 employees, with an estimated cost of Rs. 5 crore for four months. The Software Technology Parks of India (STPI) promotes software exports and supports SMEs and startups through various schemes.

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Ankit Mahawali
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9 views9 pages

Technology Park

The Ministry of Electronics and Information Technology (MeitY) is providing a rental waiver to small IT units in Software Technology Parks of India to support the sector during the Covid-19 lockdown. This initiative will benefit around 200 IT-ITeS MSMEs and approximately 3,000 employees, with an estimated cost of Rs. 5 crore for four months. The Software Technology Parks of India (STPI) promotes software exports and supports SMEs and startups through various schemes.

Uploaded by

Ankit Mahawali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Why in News

The Ministry of Electronics and Information Technology (MeitY) has decided to


provide rental waiver to small Information Technology (IT) units operating out
of the Software Technology Parks of India.

▪ This would provide a major boost to the IT and IT-


enabled services (ITeS) sector amid Covid-19 lockdown.
Key Points
▪ Most of the IT units are either MSMEs (Micro, Small, and
Medium Enterprises) or startups.
▪ Benefit of the Rental Waiver:

o This initiative will provide benefit to nearly 200 IT-


ITeS MSMEs, operating from the 60 STPI centres.
o This effort is also in the larger interest of around
3,000 IT-ITeS employees who are directly supported
by MSME and startup units.
▪ Cost to the Government: The total cost of the rent waiver to
these units for the four months from March 1 to June 30, 2020
is estimated to be around Rs. 5 crore.
Software Technology Parks of India
▪ Software Technology Parks of India was set up in 1991 as an
autonomous society under the Ministry of Electronics and
Information Technology (MeitY).
▪ STPI’s main objective has been the promotion of software
exports from the country.

o The services rendered by STPI for the software


exporting community have been statutory services,
data communications services, incubation facilities,
training and value added services.
o STPI has played a key developmental role in the
promotion of software exports with a special focus
on SMEs and startup units.
▪ STPI has been implementing the Software Technology Park
(STP) scheme and the Electronics Hardware Technology Park
(EHTP) scheme for the promotion of IT/ITES industry.

o STP Scheme is a unique scheme, designed to


promote the software industry and growth of
startups and SMEs without any locational
constraints. A company can set up an STP unit
anywhere in India.
o The EHTP Scheme is a 100% Export Oriented
Scheme for undertaking manufacturing of electronic
hardware equipment and other items in India.
▪ At present, more than 5,000 units are registered with STPI.
▪ It has 60 centres across the country including a mix of tier 1
cities like Bengaluru, Chennai, Mumbai, and Kolkata and tier 2
cities like Nagpur, Warangal, and Surat.

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