Software Technology Parks of India is planning to set 12 new CoE in the country to build technology-based products and solutions. The new centers will come up in Bengaluru, Gandhinagar, Patna, Bhubaneshwar, Gangtok, and Itanagar. It already has 13 established CoEs in different cities. STPI, which has started operations with three centers, now operates 60 centers across the country, of which 52 are in Tier II and tier III cities.
The Software and Technology Parks of India (STPI) plans to set up 25 centres of excellence across the country in different tech areas. The govt is planning to support 1500 startups through these CoEs and has created a budget of Rs 400 crore. MeitY is working to create a tech startup ecosystem to promote the development of in-house software products. So far, STPI has created 14 labs across domains like fintech, autonomous, AI, IoT, blockchain, aggrotech etc.
Software Technology Parks of India (STPI), an autonomous body under the Ministry of Electronics and Information Technology (MeitY), has boosted exports from its registered units to Rs 4.21 lakh crore in 2019-20. In the first year of its foundation, it exports clocked a revenue of Rs 52 crore in 1992-93. STPI is setting up more than 21 domain-centric CoEs in a collaborative manner across India.