STPI India was established by the Ministry of Electronics and Information Technology(MeitY), Government of India in 1991. Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology, Govt. of India has been set up with distinct focus to boost up Software export from the country.
STPI India was established by the Ministry of Electronics and Information Technology(MeitY), Government of India in 1991. Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology, Govt. of India has been set up with distinct focus to boost up Software export from the country.
Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology, Govt. of India has been set up with distinct focus to boost up Software export from the country.
STPI India was established by the Ministry of Electronics and Information Technology(MeitY), Government of India in 1991. Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology, Govt. of India has been set up with distinct focus to boost up Software export from the country.
STPI Headquarters is located in New Delhi with 68 Centres spread across the country.
The COVID-19 pandemic has reaffirmed the significance of startups for exemplifying out-of-the-box thinking, creativity and innovation.
The first paperless Union Budget 2021-22 had evinced keen interest as the startup ecosystem tries to redefine its trajectory in the post-pandemic era. Over the years, startups have emerged as the new torchbearers of the Indian economy. As per the statistics, there are approximately 40,729 startups in India. A spate of policy initiatives such as revisiting the definition of startups, simplifying regulations, providing income exemptions, and setting up 'Fund of Funds' has had a multiplier effect in terms of catalyzing entrepreneurship, generating employment, and giving a fillip to innovation besides encouraging the growth of startups.
Bolstered by a conducive policy landscape, the startup ecosystem has leapfrogged the traditional growth patterns to burgeon into the third-largest in the world, encompassing 38 unicorns. The COVID-19 pandemic has reaffirmed the significance of startups for exemplifying out-of-the-box thinking, creativity, and innovation. The disruption of the global supply chains catapulted the Indian startups to the scene and emboldened the clarion call towards Aatma Nirbhar Bharat. Despite the majority of 2020 being marred by COVID-19, the year witnessed the emergence of 12 new unicorns and attracted investment to the tune of $11.5 billion, according to an estimate. These achievements are a testimony to the agility and resilience that will be key to the survival of businesses in the post-pandemic world.
The Year 2021 also began a positive note for Indian startups with the government earmarking INR 945 crore for Startup India Seed Fund Scheme. The Union Budget marks a continuation of government efforts to handhold startups until they reach maturity. The Budget takes cognizance of the significance of infrastructure in the shaping of economic trajectory and prioritizes its growth. The large scale infrastructure projects such as the Delhi Mumbai Industrial Corridor and Dedicated Freight Corridor will create an enabling framework for the growth of startups.
Riding on the wave of infrastructural developments and push by respective state governments, the Tier 2 and 3 cities will emerge as the next frontiers. Incentivizing the emergence of One Person Companies (OPCs) by no restriction of paid-up capital and allowing the conversion into any type of company will further provide an impetus to entrepreneurship, especially in Tier 2 and 3 towns. The extension of the tax holiday till March 31, 2022, will boost sentiment aid towards the paradigm shift from 'job seekers to job creators.' Allocation of Rs.50,000 crore for the National Research Foundation for the period of five years will further boost the startup ecosystem to innovate and create cutting-edge technology products for all sections of society.
2021 witnessed a milestone with the first presentation of the paperless budget in history that clearly indicates that digitization will be the formidable undercurrent in the startup ecosystem in the coming years. The announcement of the launch of data analytics, AI, ML-driven MCA 3.0 version, and an e-court system as a special framework for MSMEs underscores the government's commitment to spur digitization to enhance the ease of doing business and propel Indian startups. The establishment of the National Language Translation Mission by the government is a much-needed step towards the availability of regional content over the internet, making accessibility & inclusion of government services and schemes to the last person in the queue.
The interplay of technology, policy reforms, and initiatives and digitization presents an exciting time for Indian startups. The Union Budget is a step forward to propel the Indian economy onto a higher growth trajectory. While much will hinge on the on-ground implementation of the policies, the Union Budget has made a significant leap to bolster the startup ecosystem.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.
Date: February 02, 2021
Dr. Omkar Rai, DG - Software Technology Parks of IndiaThe role of the government has further propelled the growth of startups. "The Union Budget marks a continuation of government efforts to handhold startups until they reach maturity. Dr. Omkar Rai further shared that, “The Budget takes cognizance of the significance of infrastructure in the shaping of economic trajectory and prioritizes its growth. As Development Commissioner, Special Economic Zone, Dr. Omkar Rai spearheaded the establishment of the first-of-its-kind centre for the development of a software technology park in Varanasi. Dr. Omkar Rai closely worked with the government to implement the National IT Policy 2012.
Date: February 02, 2021
The year 2021 will be remembered as a milestone for the presentation of the first paperless budget. It reinforces the significance of digitization and emerging technologies as among the formidable undercurrents in the Indian economy. These developments have shaped the trajectory of the startup ecosystem in the past few years.
Dr. Omkar Rai, DG – Software Technology Parks of India
The role of the government has further propelled the growth of startups. The Indian startup ecosystem is currently the third-largest in the world. A series of measures such as revising the definition of startups, providing income exemptions and setting up Fund of Funds has had a cascading effect by promoting entrepreneurship, generating employment and fostering innovation. Amid the focus on Aatma Nirbhar Bharat, the government has allocated INR 945 crores for Startup India Seed Fund Scheme in 2020.
It is notable that despite COVID-19, the startup ecosystem has taken rapid strides towards growth. There are a total of 38 unicorns, out of which 12 have emerged in 2020 alone. The Union Budget goes a step ahead in bolstering these efforts.
“The Union Budget marks a continuation of government efforts to handhold startups until they reach maturity. The extension of the tax holiday till March 31, 2022, will boost sentiment aid towards the paradigm shift from job seekers to job creators. The allocation of Rs. 50,000 crores to National Research Foundation for five years will further boost the startup ecosystem to innovate and create cutting-edge technology products for all sections of society,” said Dr. Omkar Rai, Director General, Software Technology Parks of India.
“Riding on the wave of infrastructural developments and push by respective state governments, the Tier 2 and 3 cities will emerge as the next frontiers. Incentivizing the emergence of One Person Companies (OPCs) by no restriction of paid-up capital and allowing the conversion into any type of company will further provide an impetus to entrepreneurship, especially in Tier 2 and 3 towns,” Dr. Omkar Rai added.
The budget also stresses emerging technologies such as AI, ML-driven MCA 3.0 version, AI and an e-court system as a framework for the MSME ecosystem. Furthermore, the establishment of National Language Translation Mission will facilitate accessibility and ensure that the benefit of government initiatives percolate to the last mile.
Overall, the Union Budget is a futuristic document that prioritizes growth. Though much will depend upon the actual implementation of policies, the Union Budget has made a great start to propel the Indian startup ecosystem.
Dr. Omkar Rai further shared that, “The Budget takes cognizance of the significance of infrastructure in the shaping of economic trajectory and prioritizes its growth. The large-scale infrastructure projects such as the Delhi Mumbai Industrial Corridor and Dedicated Freight Corridor will create an enabling framework for the growth of startups.”
Dr. Omkar Rai is the Director-General, Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology, Government of India. Under his leadership, STPI has been instrumental in boosting software exports and catalyzing entrepreneurship from the country. Dr. Rai has contributed immensely in re-positioning STPI with a focus on innovation and dispersal of the IT/ESDM industry beyond metros. He has spearheaded the growth of the IT industry in India and has been involved in various policy formulations from time to time.
Dr. Omkar Rai has been closely working very closely with all stakeholders, including the government and IT industry and has played a key role in formulating an appropriate interface among Industry, Academia and the IT/ESDM Industry. Before joining STPI, he served the National Informatics Centre (NIC) in various capacities. As Development Commissioner, Special Economic Zone, Dr. Omkar Rai spearheaded the establishment of the first-of-its-kind centre for the development of a software technology park in Varanasi. Dr. Omkar Rai set-up Centre for Research and Industrial Staff Performance (CRISP) to provide practical training for skilled professionals to bridge the gap between industry requirement and skill set availability. Dr. Omkar Rai closely worked with the government to implement the National IT Policy 2012.
Date: February 02, 2021
New Delhi [India], February 2 (ANI/NewsVoir): The year 2021 will be remembered as a milestone for the presentation of the first paperless budget. It reinforces the significance of digitization and emerging technologies as among the formidable undercurrents in the Indian economy. These developments have shaped the trajectory of the startup ecosystem in the past few years.
The role of the government has further propelled the growth of startups. The Indian startup ecosystem is currently the third-largest in the world. A series of measures such as revising the definition of startups, providing income exemptions and setting up 'Fund of Funds' has had a cascading effect by promoting entrepreneurship, generating employment and fostering innovation. Amid the focus on Aatma Nirbhar Bharat, the government has allocated Rs 945 crores for Startup India Seed Fund Scheme in 2020.
It is notable that despite COVID-19, the startup ecosystem has taken rapid strides towards growth. There are a total of 38 unicorns, out of which 12 have emerged in 2020 alone. The Union Budget goes a step ahead in bolstering these efforts.
"The Union Budget marks a continuation of government efforts to handhold startups until they reach maturity. The extension of the tax holiday till March 31, 2022, will boost sentiment aid towards the paradigm shift from 'job seekers to job creators'. The allocation of Rs. 50,000 crores to National Research Foundation for five years will further boost the startup ecosystem to innovate and create cutting-edge technology products for all sections of society," said Dr Omkar Rai, Director General, Software Technology Parks of India.
"Riding on the wave of infrastructural developments and push by respective state governments, the Tier 2 and 3 cities will emerge as the next frontiers. Incentivizing the emergence of One Person Companies (OPCs) by no restriction of paid-up capital and allowing the conversion into any type of company will further provide an impetus to entrepreneurship, especially in Tier 2 and 3 towns," Dr Omkar Rai added.
The budget also stresses emerging technologies such as AI, ML-driven MCA 3.0 version, AI and an e-court system as a framework for the MSME ecosystem. Furthermore, the establishment of National Language Translation Mission will facilitate accessibility and ensure that the benefit of government initiatives percolate to the last mile.
Overall, the Union Budget is a futuristic document that prioritizes growth. Though much will depend upon the actual implementation of policies, the Union Budget has made a great start to propel the Indian startup ecosystem.
"The Budget takes cognizance of the significance of infrastructure in the shaping of economic trajectory and prioritizes its growth. The large-scale infrastructure projects such as the Delhi Mumbai Industrial Corridor and Dedicated Freight Corridor will create an enabling framework for the growth of startups," Dr Omkar Rai further added.
Dr Omkar Rai is the Director-General, Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology, Government of India. Under his leadership, STPI has been instrumental in boosting software exports and catalyzing entrepreneurship from the country.
Dr Rai has contributed immensely in re-positioning STPI with a focus on innovation and dispersal of the IT/ESDM industry beyond metros. He has spearheaded the growth of the IT industry in India and has been involved in various policy formulations from time to time.
Dr Omkar Rai has been closely working very closely with all stakeholders, including the government and IT industry and has played a key role in formulating an appropriate interface among Industry, Academia and the IT/ESDM Industry. Before joining STPI, he served the National Informatics Centre (NIC) in various capacities.
As Development Commissioner, Special Economic Zone, Dr Omkar Rai spearheaded the establishment of the first-of-its-kind centre for the development of a software technology park in Varanasi.
Dr Omkar Rai set-up Centre for Research and Industrial Staff Performance (CRISP) to provide practical training for skilled professionals to bridge the gap between industry requirement and skill set availability. Dr Omkar Rai closely worked with the government to implement the National IT Policy 2012.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)
Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology, Govt. of India has been set up with distinct focus to boost up Software export from the country.
Notification related to Employment Notice no. 2(2)/I/STPI-HQ/2019-20 for the post of Member Technical Staff- E-II (Scientist - C)
