Software Technology Parks of India | 15 Jul 2025

Source: TH 

The Software Technology Parks of India (STPI) is expanding beyond traditional metro hubs to promote inclusive IT growth, focusing on Tier 2 and 3 cities. 

• It aims to encourage entrepreneurship in software, business process management, and product innovation to build India’s largest tech startup ecosystem under the National Policy on Software Products (NPSP) 2019. 
• STPI: Established in 1991, the STPI is an autonomous society registered under the Societies Registration Act, 1860. 
  • It was set up under the then Department of Electronics (now Ministry of Electronics & Information Technology) to implement the Software Technology Park (STP) and Electronics Hardware Technology Park (EHTP) schemes. 
  • It provides high-speed data communication, incubation facilities, and supports start-ups across India through initiatives like Centres of Entrepreneurship (CoEs) and the Next Generation Incubation Scheme (NGIS). 
• Achievements: Currently operating 67 centres, with 59 in non-metro locations, STPI created 17 lakh sq. ft. of incubation space to support startups and MSMEs in smaller towns. 
  • STPI-registered units contributed USD 110 billion to India’s total software exports of over USD 200 billion in FY 2024–25. About USD 90 billion came from special economic zones-based companies. 
  • STPI has created 24 CoEs nationwide to encourage a start-up culture in the product space. 
  • Since 2023, STPI has supported 1,500 startups, 800 Intellectual Property Rights (IPRs),  and over 2,000 product innovations.