Software Technology Park (STP) Scheme

Headed By: 

Software Technology Parks of India (STPI)

Industry Applicable: 

IT services, fintech, enterprise software, analytics, AI.

Eligible For:

Software companies

Overview: 

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.

Fiscal 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 this startup scheme by the Indian Government, click here

2018-07-16T05:40:36+00:00