Software Technology Parks of India

Software Technology Parks of India (STPI) is a society registered under Indian_Societies_Registration_Act 1860 in India, established in 1991 under the Companies Act 2013, and Income Tax Act 1961. . Software Technology Parks of India (STPI), is a society set up by the Ministry of Communications and Information Technology, Government of India in 1991, with the objective of encouraging, promoting and boosting the Software Exports from India.

Overview

STPI maintains internal engineering resources to provide consulting, training and implementation services. Services cover Network Design, System Integration, Installation, Operations and maintenance of application networks and facilities in varied areas.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 100% foreign equity, tax incentives, duty-free import, duty-free indigenous procurement, CST reimbursement, DTA entitlement, 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.[1] The state with the largest export contribution was Karnataka (see Bangalore) followed by Maharashtra, Tamil Nadu and Telangana. STPI has a presence in many of the major cities of India including the cities of Bangalore, Mangalore, Mysore, Hubli, Trivandrum, Bhilai, Bhubaneswar, Chennai, Coimbatore, Hyderabad, Gurgaon, Kakinada, Pune, Guwahati, Noida, Mumbai, Nagpur, Kolkata, Kanpur, Lucknow, Dehradun, Patna, Rourkela, Ranchi, Gandhinagar-Gujarat, Surat [2] [3][4] Imphal, Shillong, Nashik etc.

Besides regulating the STP scheme, STPI centers also provide variety of services, which includes High Speed Data Communication, Incubation facility, Consultancy, Network Monitoring, Data Center, Data Hosting etc. STPI provides physical hosting for the National Internet Exchange of India.

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.

A new incentive scheme for IT & ITES companies is under discussion. It will help dispersal of IT industry in smaller cities and also support STPI-registered units which have not come under SEZs as well as other units which are not covered under any incentive scheme. This incentive scheme is seen as an alternate scheme to compensate the STPI units, but the same would be restricted to those units located in tier II and III cities. However, proposal is still under consideration and no announcement has been made.

Indian IT Scenario

In FY 2015,Indian IT Industry has shown moderate optimism about revenue growth and still able to maintain its leadership position in the global arena. The sector has aggregated revenues of USD 146.4 billion in FY 2015, with the IT software and services sector (excluding hardware) accounting for over USD 132.9 billion of revenues. The Indian software and services exports including ITES/BPM were US$ 98.1 billion in 2014-15, as compared to US$ 87.3 billion in 2013-14, an increase of 12.37 per cent. The IT services exports was US$ 55.4 billion in 2014-15 as compared to US$ 49.2 billion in 2013-14, showing a growth of 12.6 per cent. ITES/BPM exports were US$ 20.4 billion in 2013-14 to US$ 22.7 billion in 2014-15, a year-on-year growth of about 11.27 percent. There has been a growth of about 13% in the exports of Software products and Engineering services, which has reached US$ 20 billion in year 2014-15 from the level of US$ 17.7 billion in year 2013-14. IT services contributed 56 percent of total IT-BPM exports in 2014-15, followed by BPM at 23 percent and ER&D & Software products at 20 percent. In 2014-15, IT software and services added about 2,31,000 jobs(consisting of 34 percent women employees), taking the direct employment number to 3.5 million, a yearon- year growth of over 7 percent whereas the indirect employment attributed to the sector is nearly 10 million. The spectacular growth performance in the IT-BPM industry in the last decade has helped the industry to contribute substantially to India's GDP. As a proportion of our GDP, the IT-BPM sector (including hardware) revenues have grown from 1.2% during 1998-99 to nearly 9.5% in 2014-15. The exports made by the STPI registered units has increased from Rs 2,73,313 crore in 2013-14 to Rs 2,93,797 crore in 2014-15 with a growth rate of 7.49%. As regards the new STP registrations during the year, the number of new STP units registered in the year 2014-15 were 106 as against 115 which were registered during the year 2013-14.

Performance of STPI Registered Units

During the year 2014-15, 106 new units were registered under STP Scheme. As on 31st March 2015, 3124 units were operative out of which 2832 units were actually exporting.

Exports by STPI Registered IT/ITeS Units

The overall exports done by STPI registered IT/ITeS units increased from ` 2,73,313 Crore in 2013-14 to ` 2,93,797 Crore in 2014-15, an increase of 7.49 %. The bifurcation of 2014-15 exports is as follows:

State wise Software Exports made by registered units through STPI

Name of the State 2007-08 2008-09 2009-10 2010-11 2014-15[1]
Andhra Pradesh 379.54
Assam 0.60 1.35
Chandigarh 519.89
Chattishgarh 0.22 89.23 4.50 4.58 18.63
Delhi 5,264.00 1,762.00 1,892.49 1,776.90 2217.85
Gujarat 681.00 1,268.13 1,035.00 1,250.99 1917.96
Haryana 10,960.00 12,410.00 14,795.36 13,650.75 17857.69
Himachal Pradesh 1.10 0.75 1.69 1.90 8.35
Jammu Kashmir 1.28 1.74 1.25 1.80 2.45
Jharkhand 7.00
Karnataka 70,240.93 109797.67
Kerala 1,201.00 1,803.00 1,956.45 2,071.67 2867.77
Madhya Pradesh 185.22 198.00 214.93 246.89 343.38
Maharashtra 35,374.00 42,360.88 45,709.34 49,873.78 61314.29
Meghalaya 1.64 4.21
Orissa 844.00 1,162.00 1,116.83 1,253.29 1940.00
Pondicherry 64.00 65897.65 110.25 153.26
Punjab 227.56 230.00 345.38 438.43 336.34
Rajasthan 275.30 358.00 520.36 491.65 712.27
Tamil Nadu 38,295.00 38,355.58 41,363.51 42,100.00 33275.73[5]
Telangana 26,122.00 31,039.00 27,665.85 28,674.57 39185.84
Uttar Pradesh 10,695.21 10,264.36 10,590.43 10,281.60 13740.34
Uttarakhand 9.31 21.00 174.16 86.19 74.67
West Bengal 4,500.00 5,129.00 5,441.00 5,665.00 7015.00
All India 228,646.81 293796.50

All figures in Crores of INR

Exports by EHTP Units

The exports made by EHTP units decreased by 26.35% from ` 27091.54 Crore in 2013-14 to ` 19951.81 Crore in 2014-15.

National centres

STPI's national headquarters is in New Delhi. Major national centers include:

References

  1. 1 2 http://www.stpi.in/writereaddata/links/356235275AnnualReport.pdf
  2. ↑ http://www.gnr.stpi.in/MainSubCentre.html
  3. ↑ http://www.gnr.stpi.in/Surat2.pdf
  4. ↑ Shri Narendra Modi dedicates development projects in Surat. YouTube (2014-02-14). Retrieved on 2014-06-20.
  5. ↑ Archived February 1, 2012, at the Wayback Machine.

External links

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