Software Technology Parks of India (STPI)

Driving India's software export growth through infrastructure, incentives, and innovation.

Overview

Software Technology Parks of India (STPI) is an autonomous society established in 1991 under the Societies Registration Act, 1860. It operates under the Ministry of Electronics and Information Technology (MeitY), Government of India, with the core mission to promote software exports from India.

STPI supports the IT and ITeS industry by providing infrastructure, statutory services, and enabling policies. It encourages startups, fosters innovation, and facilitates Research & Development in cutting-edge technologies.

Objectives

  • Promote software exports from India.
  • Support IT and ITeS industries by providing infrastructure and statutory services.
  • Encourage startups and entrepreneurship in the software and electronics sector.
  • Facilitate R&D and innovation in emerging technology domains.

Eligibility Criteria

Eligible Entities

  • Any entity (proprietorship, partnership, LLP, private limited, etc.) engaged in software development or IT-enabled services
  • IT startups, SaaS companies, data analytics firms, AI/ML solution providers, gaming and fintech companies, and export-oriented software consultancies

Conditions

  • Operate from custom-bonded premises (as per EOU norms)
  • Seek benefits under STPI Scheme such as duty-free imports and Softex certification
  • Comply with Foreign Trade Policy provisions

Documents Required

Company Documents

  • Certificate of Incorporation & MOA/AOA
  • Partnership deed (if applicable)
  • PAN Card of the entity
  • Board resolution authorizing STPI application
  • List of Directors/Partners with KYC

Financial & Operational Documents

  • Project Report / Business Plan (nature of software exports, cost, employment, foreign exchange earnings)
  • ITR / Net worth certificate of promoters (if required)

Infrastructure Details

  • Lease deed / Rent Agreement for premises
  • Building plan / layout of the premises
  • Undertaking for bonded warehouse compliance

Other Requirements

  • Softex declaration format
  • Application Form (Annexure-I)
  • Processing fee (non-refundable)

Incentives

  • 100% income tax exemption under Section 10A (available under grandfathering for some units)
  • 100% foreign equity under automatic route
  • Duty-free import of capital goods
  • Reimbursement of Central Sales Tax (CST)
  • Deemed Export Benefits similar to physical exports
  • Simplified compliance under EOU norms

Activities Covered

  • Operating multiple Centres of Excellence (FinTech, IoT, Blockchain, AI/ML, AR/VR, Gaming, Agritech, Medtech, etc.)
  • Running Next-Gen Incubation Scheme (NGIS) and Electropreneur Park
  • Acting as nodal agency for India BPO Promotion Scheme (IBPS) and North East BPO Promotion Scheme (NEBPS)

Statistics

Centres Across India: 67 (59 in Tier II & Tier III cities)

Exports 1992: ₹17 crore

Exports F Y 2023–24 ( Hyderabad): ₹1,78,000+ crore