STPI - A Profile
Software Technology Parks of India (STPI), is a society set up by the Ministry of Communication and Information Technology, Government of India in 1991, with the objective of encouraging, promoting and boosting the Software Exports from India.

STPI - A Boon to the Software Industry
STPI scheme is a 100% Export Oriented Unit scheme for the development and export of software using Data Communication links or by physical media or by On site Consultancy. STPI acts as the front end on behalf of the Government of India to take care of all the statutory needs, like project approval, import approval, bonding, Software Export Certification, etc.

The scheme tailor made for Software Exports has benefits, viz.,

	Duty free imports of hardware and software
	Exemption from Corporate Income Tax till 2010
	100% Foreign equity participation
	Exemption of excise duty for domestic purchase of capital goods
	Reimbursement of CST
	Domestic Tariff Area (DTA) shall be permissible up to 50% of export value terms
	CG Goods eligible for Depreciation subject maximum of 90%
	Issue of Green Card
	Certification of Software Export made through Data communication

To avail STPI scheme benefits, the simplified minimum export obligation is USD 0.25 million or 3 times of CIF value of imported capital goods, whichever is higher and Net Foreign Exchange Earning 10% (NFEP).

STPI supports new companies by providing Incubation infrastructure with all facilities, viz. Internet, Telephone, Fax, Back-up power, etc.,

Today, there are more than 6000 software exporting companies operating under the umbrella of the STPI. The share of the software exports from STP units is more than 73% of the total software exports from the country.

The Statutory services are supported on robust Intranet Platforms to ensure instantaneous responses to customer requirements. The service delivery is bound with definitive timelines and toned with understanding of the best practices in the industry.