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Software
Technology
Parks
of
India
Software
Technology
Parks
of
India (STPI)
is
a
society
established
in
1991
by
the
Indian Ministry
of
Communications
and
Information
Technology with
the
objective
of
encouraging,
promoting
and
boosting
the
export
of
software
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,
including
100%
foreign
equity,
tax
incentives,
duty-free
import,
duty-free
indigenous
procurement,
CST
reimbursement,
DTA
entitlement,
and
deemed
exporting.
STPI
has
played
a
seminal
role
in
India
having
earned
a
reputation
as
an information
technologysuperpower.[citation
needed] STP
units
exported
software
and
information
technology
worth
Rs.
215264
crore
in
FY
2010-11.
The
state
with
the
largest
export
contribution
was Karnataka followed
by Maharashtra, Tamil
Nadu and Telangana.
STPI
has
a
presence
in
many
of
the
major
cities
of
India
including
the
cities
of Bangalore, Chennai, Hyderabad, Kanpur, Kolkata, Mumbai, Nagpur, Kakinada, Lucknow, Pune, Surat, Tirupati, Vijayawada and Visakhapatnam.
Besides
regulating
the
STP
scheme,
STPI
centers
also
provide
a
variety
of
services
including
high-speed
data
communication,
incubation
facilities,
consultancy,
network
monitoring,
data
centers
and
data
hosting.
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.[citation
needed]
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.
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