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Software Technology Park Scheme @ Softex Consultancy Services
In the emerging global economy, Information Technology is the largest, fastest growing and most profitable industry across the globe. Identifying IT as the future for India and its vast potential, the Government announced a software policy in the year 1986 making “Software, Exports, Development & Training” as a major thrust area for which the Government formulated the STP Scheme covering aspects like simplifications and rationalization of procedures. The Government of India established and registered STPI as an Autonomous Society under the Department of Electronics (Now Ministry of Information Technology) on 5th June 1991 with an objective to implement the STP Scheme, set-up and manage infrastructural facilities and provide other services including professional training.

The Software Technology Park Scheme (under The Ministry of Communication and Information Technology, Govt. of India) is a 100% Export Oriented Scheme for undertaking Software Development/IT enabled services for Export using Data Communication links or in the form of physical exports including export of professional services for rendering consultancy services and development of software.

Scheme Benefits & Highlights:
  • 100% customs duty exemption on imports of capital equipments

  • Equipment can also be imported on loan or lease basis

  • All relevant equipment/goods including second hand equipment can be imported (except prohibited items)

  • 100% excise duty exemption on indigenous items procurement

  • Central Sales Tax reimbursement on indigenous items procurement

  • Green card enabling priority treatment for government clearances / other services

  • 100% Foreign Direct Investment permissible through 'Automatic Route' of RBI

  • Sales in the DTA (Domestic Tariff Area) up to 50% of the foreign exchange earned by the STP/EHTP unit

  • 100% Depreciation on capital goods over a period of five years

  • Software units may also use the computer system for training purpose (including commercial training).

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