The Role of STPI in the growth of the IT industry has been tremendous, especially in the case of start-ups SME's.
STP scheme the catalyst
STP scheme is a 100 percent export oriented scheme for the
development and export of computer software, including export
of professional services using communication links or physical
media. This scheme is unique in its nature as it focuses on
one product/sector, i.e. computer software. The scheme
integrates the government concept of 100 percent Export
Oriented Units (EOUs) and Export Processing Zones (EPZs) and
the concept of Science Parks/Technology Parks, as operating
elsewhere in the world.
With STPI presence, orderly
implementation of STP Scheme and the Govt. initiatives, in
general, the offshore software exports from the country during
1991-92, which was mere 20-35%, grown to more than 90%
contributing to 95% of National software companies from STPI
fact, countries like Mauritius, Sri Lanka, Nepal, Algeria,
Indonesia, etc. are taking the help of STPI to set up similar
technology parks with the same concept.