Rs 4,21,103 Crore Exports Clocked by STP-Registered Units During 2019-20

- Advertisement -
  • These export figures were Rs 52 crores in 1992-93
  • Software Technology Parks of India (STPI) celebrated its 29th foundation day, recently
Dr Omkar Rai, Director General Software Technology Parks of India (STPI)

The US$191 billion IT industry, comprising around 18,000-plus firms that directly employ 4.36 million-strong workforce, that contributes eight per cent of GDP, informed STPI, is a testimony to the it’s resolute performance in transforming the Indian IT industry into global outsourcing destination for software exports. Set up by the Ministry of Electronics and Information Technology (MeitY), Government of India in 1991, STPI, celebrated celebrated its 29th foundation day on fifth June 2020.

“The exports clocked by STP-registered units stands at INR 4, 21,103 crore during 2019-20 from Rs. 52 crores in 1992-93. In last 3 decades, the determined efforts of STPI in promoting IT industry and boosting software exports essentially reflect STPI’s commitment towards economic progress of the nation, and team STPI will unswervingly continue to fulfil the aspirations of the “New India” in times to come,” stated Dr Omkar Rai, Director General, STPI.

Setting up 21+ domain-centric Centres of Excellence (CoEs)

As a policy enabler, STPI has been bringing out futuristic schemes apropos the technological advancements. Having a vision for transforming India into a product nation, STPI has been activating multiple initiatives under “National Policy on Software Products” approved by Government of India recently.

- Advertisement -

“STPI is embarked on setting up 21+ domain-centric Centres of Excellence (CoEs) in a collaborative manner across India. These CoEs will enable a pan India vibrant tech start-up ecosystem in times to come,” said Dr Rai.

He added, “To enable the Indian IT industry to face the challenges of Industry 4.0 and build India’s leadership in emerging technology areas like IoT, Blockchain, Artificial Intelligence, Augmented & Virtual Reality, FinTech, Medical Electronics, Health Informatics, Gaming & Animation, Machine Learning, Data Science & Analytics, Cyber Security, Chip Designing, ESDM etc.”

STPI has been instrumental in aiding the growth of Business Process Outsourcing (BPO) industry not only in cities but also in rural hinterlands. E-governance and digital expansion in sectors such as health, agriculture, education present huge opportunities for India.

“STPI is designed to succeed and designed to help the industry succeed, both of which go hand in hand. STPI has been our partner in implementing many exciting schemes we have recently brought out,” noted Ajay Prakash Sawhney, secretary, MeitY.

Debjani Ghosh, president, NASSCOM accentuates, “STPI is not just a partner but it has become an integral part of the IT industry, thank you very much for what you do.”

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

IoT Core Service of Google Cloud to Shut Soon

0
In a major announcement by the tech giant, the core internet of things (IoT) services available under Google Cloud will be unplugged in August...

NIOT Introduces Roshni, a Saline-Water LED Lamp

0
A team of scientists at the National Institute of Ocean Technology (NIOT), Chennai have developed India’s first Saline Water Lantern, named Roshni. It is...

Motional’s Robotaxi Debuts in LA

0
Motional, a joint venture between Hyundai Motor Group and Aptiv has started the ride service of the free 'Robotaxi' Ioniq 5 in Las Vegas....

Exclusive

IoT Core Service of Google Cloud to Shut Soon

0
In a major announcement by the tech giant, the core internet of things (IoT) services available under Google Cloud will be unplugged in August...

NIOT Introduces Roshni, a Saline-Water LED Lamp

0
A team of scientists at the National Institute of Ocean Technology (NIOT), Chennai have developed India’s first Saline Water Lantern, named Roshni. It is...

Motional’s Robotaxi Debuts in LA

0
Motional, a joint venture between Hyundai Motor Group and Aptiv has started the ride service of the free 'Robotaxi' Ioniq 5 in Las Vegas....

Important Sectors

IoT Core Service of Google Cloud to Shut Soon

0
In a major announcement by the tech giant, the core internet of things (IoT) services available under Google Cloud will be unplugged in August...

NIOT Introduces Roshni, a Saline-Water LED Lamp

0
A team of scientists at the National Institute of Ocean Technology (NIOT), Chennai have developed India’s first Saline Water Lantern, named Roshni. It is...

Motional’s Robotaxi Debuts in LA

0
Motional, a joint venture between Hyundai Motor Group and Aptiv has started the ride service of the free 'Robotaxi' Ioniq 5 in Las Vegas....

Sterlite Tech’s Losses down QoQ, Revenue Up YoY

0
Sterlite Technologies recently published its financial performance results for Q1, FY 23. While it witnessed a 20.32% increase in the overall revenue on a...
Drone

First Drone School Destination in NE: Guwahati

0
In the pursuance of the ‘Act East’ policy and the aim to make India a drone tech hub, northeast India has got its first...

Manufacturing

I-Day Gift: Ola Electric Car in 2024!

0
Ola Electric, at an event on Monday, announced the launch of their first electric car by 2024. Though not much has been revealed about...

Indian Chip Industry to Cross $300 billion by 2026

0
As India gradually strides toward becoming Aatmanirbhar, a new report on the chip component industry avouch for this growth. The report of India Electronics...
EV

Volkswagen Testing ŠKODA EVs in India

0
German auto giant Volkswagen has begun to test some ŠKODA EVs in India. As per a senior official of the company, the step aims...

Mahindra To Launch Unveiled e-SUVs in 2024

0
On Monday, Indian auto-giant Mahindra & Mahindra (M&M) unveiled its five new electric sports utility vehicles (e-SUVs) --- XUV.e8, XUV.e9, BE.05, BE.07 and BE.09,...

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...