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INR 4, 21,103 crore exports clocked by STP-registered units during 2019-20

Dr Omkar Rai, Director Genereal Software Technology Parks of India (STPI).JPG

Software Technology Parks of India (STPI), an autonomous society under the Ministry of Electronics and Information Technology (MeitY), commemorated its 29th Foundation Day on Friday, June 5th 2020. Speaking on the side lines of the 29th Foundation Day, Dr. Omkar Rai, Director General, STPI shared “The exports clocked by STP-registered units stands at INR 4, 21,103 crore during 2019-20 from Rs. 52 crores in 1992-93. In last 3 decades, the determined efforts of STPI in promoting IT industry and boosting software exports essentially reflect STPI’s commitment towards economic progress of the nation, and team STPI will unswervingly continue to fulfil the aspirations of the “New India” in times to come” He further added “STPI is embarked on setting up 21+ domain-centric Centres of Excellence (CoEs) in a collaborative manner across India. These CoEs will enable a pan India vibrant tech start-up ecosystem in times to come.” 

On the occasion of STPI’s 29th Foundation Day a day-long webinar witnessed live streaming of sessions on three topics viz. ‘Role of Government in Driving Innovation & Product Development’, ‘Rechristening the Narratives of Indian IT Industry’ and ‘India Ahead with Transformational Ideas, Disruptive Innovations and Pool of Talent.’ Experts and thought leaders from government, industry, academia and industry associations deliberated and exchanged their ideas.

 In the inaugural address, Shri Ajay Prakash Sawhney, Secretary, MeitY, reminisced the STPI journey of three decades.  He said: “STPI is designed to succeed and designed to help the industry succeed, both of which go hand in hand. STPI has been our partner in implementing many exciting schemes we are recently brought out. It has been instrumental in aiding the growth of Business Process Outsourcing (BPO) industry not only in cities but also in rural hinterlands. E-governance and digital expansion in sectors such as health, agriculture, education present huge opportunities for India. It is time to reimaging the role of STPI for the coming decade.”

Underlining the glorious journey of STPI and its contribution in Indian economy Dr. Omkar Rai, DG, STPI said, “As a policy enabler, STPI has been bringing out futuristic schemes apropos the technological advancements. Having a vision for transforming India into a product nation, STPI has been activating multiple initiatives under “National Policy on Software Products” approved by Government of India recently. To enable the Indian IT industry to face the challenges of Industry 4.0 and build India’s leadership in emerging technology areas like IoT, Blockchain, Artificial Intelligence, Augmented & Virtual Reality, FinTech, Medical Electronics, Health Informatics, Gaming & Animation, Machine Learning, Data Science & Analytics, Cyber Security, Chip Designing, ESDM etc.”

 Ms. Debjani Ghosh, President, NASSCOM accentuates, “STPI is not just a partner but it has become an integral part of the IT industry, thank you very much for what you do.”

Today, the US$191 billion IT industry, comprising around 18,000-plus firms that directly employ 4.36 million-strong workforce, that contributes 8.0% of GDP is a testimony to the STPI’s resolute performance in transforming the Indian IT industry into global outsourcing destination for software exports.

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