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Policy pill to pep up STPI
- A look into the future at tech show

Omkar Rai in Calcutta on Saturday. Picture by Mayukh Sengupta

Calcutta, Dec. 7: The central government is working on making the Software Technology Parks of India (STPI) popular with the IT industry again.

Set up in 1991 as an autonomous society under the department of electronics and information technology to boost software exports from India, STPI lost its popularity to an extent after tax exemptions under sections 10A and 10B were not extended beyond March 31, 2011.

“Deloitte was appointed as a consultant more than a year back and they made some recommendations. Some programmes are being worked on primarily to disperse information technology from tier I to tier II cities, incentivise the performance of the companies, incentivise the incubation programme so that young entrepreneurs venture into the product space and innovation. Patent development within the country is to be encouraged,” said Omkar Rai, director general, STPI.

Efforts are on to provide marketing support to STPI units so that they can look forward to new emerging markets.

Rai was speaking on the sidelines of the 12th edition of Infocom, an initiative of the ABP Group that publishes The Telegraph.

The STPI Export Awards 2012-13 was given away in Bengal for the first time through the IT congregation. Fifteen companies received awards in various categories.

“As companies increase their exports they could be incentivised. Policy finalisation takes time but it is happening. The tax exemptions were for 10 years, which expired on March 31, 2011 and these initiatives are being taken to take care of the IT industry for another decade,” he said.

Exports from STPI in 2012-13 registered a 10.2 per cent growth to about Rs 2.51 crore and the current financial year could see the same growth levels being maintained. About 3,750 units are now exporting under STPI.

 
 
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