Software Technology Parks Scheme

Software Technology Parks Scheme :

Software Technology Parks (STPs) are 100% Export Oriented projects catering to the need of software development for 100% export. The Government of India has set up seven such parks at Pune, Bangalore, Bhubaneshwar, Hyderabad, Thiruvananthapuram, Gandhinagar and Noida.

No import licence is required for import of equipment into Technology Park. All the imports into the Technology Park are completely free of duty. The Technology Parks are under the technical supervision of Department or Electronics.

Under the Hardware Technology Park Scheme, an Electronic Hardware Technology Park may be set up by the Central Government, State Governments, public or private sector undertakings.

An EHTP may be an individual unit in itself or it may be one of such units located in an area designated as EHTP.

The scheme is administered by the Department of Electronics. An EHTP may import free of duty all types of goods including capital goods required by it for its production.

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