While establishing these centers, the focus will be on emerging technologies like artificial intelligence (AI),medical electronics, legal technologi es, Internet of Things (IoT), IoT in agriculture and automotive electronics.
According to Rai, the National Software Product Policy 2019 also seeks to capitalise on the strength of our IT sector in order to make the country a software product nation and STPI has been encouraging, promoting and boosting the export of software,” he said.
The STPI has played a seminal role in India having earned a reputation as an information technology superpower, Rai said the country’s IT services industry stands at 177 billion dollars at present and exports amount to 136 billion dollars.
Over 50 per cent of the software exports from the country, which was 4.16 lakh crore last fiscal, was contributed by STP units, he said and the aim is to increase it by 12-14 per cent during the current financial year.
The global software product industry stands at 511 billion dollars, he said India’s share is only 8.1 billion dollars. The objective, he said, is to increase India’s to 80-90 billion dollars by 2025 and the CoEs will play a major role in achieving the goal. STPI has a presence in many major cities of Bangalore, Chennai, Hyderabad, Trivandrum, Kanpur, Kolkata, Bhubaneswar, Mumbai, Nagpur, Warangal, Kakinada, Lucknow, Pune, Surat, Tirupati, Vijayawada, and Visakhapatnam.
Besides regulating the STP scheme, STPI centers also provide a variety of services including high-speed data communication, incubation facilities, consultancy, network monitoring, data centers and data hosting. It provides physical hosting for National Internet Exchange of India.STPI envisaged under Digital India program launched the India BPO Promotion Scheme (IBPS). This scheme seeks to incentivize the establishment of 48,300 seats in respect of BPO/ITES operations across India.
STPI has also established a joint venture to set up an ‘Electropreneur Park’ with the India Electronics and Semiconductor Association (IESA) which is aimed at supporting 50 startups working on electronics product designing and development over next five years. The initiative is a subset of the government’s ‘Make in India’ mission, aligned with entrepreneurial and innovation focus.