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Software Technology Parks of India (STPI), an autonomous society has been set up by the Ministry of Information Technology, Government of India with an objective of promoting export of computer software and IT based Services.

Software Technology Parks (STPI) scheme is 100% export oriented scheme for the development of computer software using data communication links or in the form of physical media including the export the professional services. The major attraction of this scheme is single point contact service to the STP units.

Approvals are given under single window clearance scheme

  • An STP project may be set up anywhere in India.

  • 100% Foreign equity is permitted and are approved under the Automatic Route by the Director, STPI

  • All the imports of Hardware & Software in the STP units are completely duty free. Import of second hand capital goods are also permitted

  • Simplified Minimum Export Performance norms ie ..

  • Use of computer system for commercial training purposes is permissible subject to the condition that no computer terminals are installed outside the STP premises

  • The sales in the Domestic Tariff Area (DTA) shall be permissible upto 50% of the export in value terms

  • The capital goods purchased from the Domestic Tariff Area (DTA) are entitled for the benefits like levy of Excise Duty & Reimbursement of Central Sales Tax (CST)

  • Capital invested by Foreign Entrepreneurs know - How Fees, Royalty, Dividend etc can be freely repatriated after payment of Income Taxes due on them if any Repartition of foreign currency for payments can be freely done

Setup Information Under STP

In order to become a certified member unit of STP scheme, approval from the competent authority is required. The following steps are involved for obtaining approval.

Requirements for Setting up STP

  • An application in the prescribed format for registering and establishing a STP unit is to be submitted to the Software Technology Parks of India.

  • The application should be submitted along with the details of the Software Project in terms of strengths area expertise, marketing arrangement, business plans and means of finance etc.

  • Each application should be duly singed in initials by the competent authority on each page of the application form with office seal of the company

  • The application should be supported by Certificate of Incorporation, under the Companies Act of 1956, Memorandum of Association, Articles of Association. In case of registered companies under Companies Act of 1956

  • The application should be supported by resume of person Heading the operation/CEO and FIRE, letter of permission is to be filed with RBI in case of foreign equity company

Application must accompany a Demand Draft of Rs 2500/- drawn in favour of the Director, Software Technology Parks of India, Trivandrum as processing fees.

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