Department / Ministry /Office : Software Technology Parks of India (STPI)
Industry Associated : IT services, fintech, enterprise software, analytics, Artificial Intelligence.
Eligibility : Software companies
Scheme Details : The STPI has been set up with the objective of encouraging, promoting, and boosting software exports from India. The STP Scheme, by the Indian government, provides statutory services, data communications servers, incubation facilities, training and value-added services. The scheme allows software companies to set up operations in convenient and inexpensive locations and plan their investment and growth, driven by business needs.
Monetary Incentives: Sales in the DTA up to 50% of the FOB value of exports is permissible and depreciation on computers at accelerated rates up to 100% over 5 years is permissible.
Time Period: N/A
To know more about Software Technology Park (STP) startup scheme by the Indian Government, click here.
 Scheme of Government of India){kind=link}
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