- These export figures were Rs 52 crores in 1992-93
- Software Technology Parks of India (STPI) celebrated its 29th foundation day, recently
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.
“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.”