Published

A helping hand in the Covid war : by Dr. Omkar Rai

A helping hand in the Covid war : by Dr. Omkar Rai

  • 28-04-2020
helping hand in the Covid war

The Indian IT industry is warranting business continuity to global clients and meeting demands of the nation

The impact of the Coronavirus pandemic on the world is unprecedented and so humongous that the UN Department of Economic and Social Affairs has projected that the global economy could shrink by up to one per cent in 2020. Even the International Monetary Fund (IMF) has warned that the recession triggered by the Coronavirus could be worse than the one caused by the global financial crisis in 2008. However, certain industries will bloom due to the crisis like healthcare, pharmaceuticals, health devices, insurance and so on, while some will withstand it better, like the $191 billion Indian IT Industry. In comparison to other industry verticals, the IT industry is in a better position in terms of communication infrastructure, geographic distribution, business segmentation, global delivery model and virtual work culture, which ensure that companies deliver services to their global clients even during the nationwide lockdown. Most of the IT organisations are leveraging the cloud to deliver business-critical solutions to their clients. Plus, with the majority of the employee strength  adopting the work from home (WFH) model, it was business as usual and there were no productivity disruptions. Barring data centres and other mission-critical projects that needed minimal deployment of employees onsite, most IT functions are cloud-integrated, which supported the remote operations.

Timely Government interventions like relaxations of norms and various policy amendments helped IT companies display alacrity in ramping up the WFH employee strength to comply with business exigencies of clients amid the shutdown. With right enablement like provisioning laptops, communication facilities, secured network like VPN, tools and software, IT companies have shown the maturity in addressing the immediate challenges of the lockdown.

In collaboration with relevant stakeholders, the industry is devising a strategy through which the minimum requirements of the country in this challenging time can be served efficaciously so that the mandate of the lockdown can be met successfully without much interruption. For example, e-commerce companies are ensuring home delivery of essential materials and empowering people to shop from home and reduce the chances of catching/spreading the infection.

Technology empowerment has enabled masses to keep abreast of relevant news and information on a real time basis. The recent launch of the Aarogya Setu app by the Government is a sui generis initiative to help citizens protect themselves by tracking the proximity of infected people, access curated information and medical advisories from the Government  and enable them to self-assess on whether they need to go for a Coronavirus test or not.

Leading technology companies like TCS have gone further to deepen research and innovation by leveraging their technology platforms to develop medical solutions like patient tracker and a platform for a clinical trial system. While IT giants are working towards identifying solutions with the help of emerging technologies, start-ups, too, are looking for answers and working to create low-cost tools. Premier technology institutions, including the IITs and IISc are collaborating with AIIMS, ICMR and leading IT companies and technology start-ups, to build indigenous products such as high-quality masks, personal protective equipment for healthcare professionals, including hazmat suits and affordable ventilators. Individually, some leading IT companies have started collaborating with pharmaceutical and medical device manufacturing companies to speed up prototyping, getting approvals from the designated Government bodies for standard confirmation and mass production of required products to tackle the challenges raised by the pandemic. IT companies have taken the battle against the Coronavirus forward by focussing on the application of emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT) and Data Analytics to rev up deeper understanding of the virus and its impact on humans. AI is primarily playing an enormous role in helping researchers accelerate study by analysing thousands of digital research papers and delivering conclusive information faster and AI-powered robots have now become part of the healthcare workforce fighting the pandemic. Indian IT companies are also cooperating with pharma companies to expedite the drug discovery process for the Coronavirus by reducing manual work and facilitating the potential of AI, ML and supercomputing to deliver faster results.

The Indian IT industry is in a better position to not only warrant business continuity to clients across the world but also its inherent strength in emerging technologies is complementing R&D, innovation and indigenous product development to handle the crisis triggered by the Coronavirus. At this critical point, the IT industry is the silver lining on the dark clouds looming over the country due to COVID-19.

(The writer is Director-General, Software Technology Parks of India)

Source

STPI’s 3-day meet to spur fintech

Date: January 29, 2021

STPI’s 3-day meet to spur fintech

STPI has taken a lead role in contributing to India’s digital push by setting up Centre of Excellences in emerging techniques.

FinBlue a centre of excellence in FinTech at STPI Chennai approved and funded by MeiTy GOI in collaboration with Tamil Nadu and all other stakeholders, is one such an initiative by STPI besides 11 other COEs have been set up elsewhere in the country.

FinTERACT 2021 a 3-day ‘Global FinTech’ conference with ‘Redefine Fintech,’ as theme, is being organised with an objective to reach out to all stakeholders to develop a common approach to address business, regulatory and technical challenges faced by FinTech domain, a release said.

Ajay Prakash Sawhney Secretary, MeitY, inaugurated the event and launched FinBlue sandbox and FinBlue marketplace on Thursday. All the six pillars identified through design thinking model for operationalisation of FinBlue are being discussed through six sessions extensively by the speakers.

STPI-like startup reforms key to boost ecosystem: Keshav R Murugesh, Group CEO, WNS and Past Chairman, NASSCOM

Date: January 28, 2021

STPI-like startup reforms key to boost ecosystem: Keshav R Murugesh, Group CEO, WNS and Past Chairman, NASSCOM

For the upcoming Budget 2021, Keshav R Murugesh, Group CEO, WNS and Past Chairman, NASSCOM says:

The Software Technology Parks of India (STPI) set up by the central government in 1991, changed the fortunes of the IT Industry in India and made the country an absolute leader in the IT services space over the span of a few years. The STPI has enabled an enormous growth in software exports for the country.

I strongly believe that similar to the STPI, the Indian startup ecosystem also has a pivotal role to play in catalyzing the employment-based growth story in the country. With a view to create a conducive operating climate for startups, the one big idea I would like to propose is this:

Remove all forms of taxes (direct and indirect) on any startup company created anywhere in India till it reaches a revenue of Rs 500 crores or 12 years (whichever is earlier).

No form of taxes should also be introduced on an investor in a startup on such an investment for a period of 12 years or till the sale/transfer of such investment (whichever is earlier).
Write-off of unsuccessful startup investments should be allowed without questions to investors.

And last, but not the least, India has to figure out ways to augment domestic funding, which is currently negligible; and reduce long-term capital gains on sale of shares to 10 percent, making it on par with foreign investors.

These reforms will boost startups and employment at a scale that’s never seen before.

Exports by STPI units in Q3 FY21 estimated at Rs 1.20 lakh crore: DG

Date: January 03, 2021

Exports by STPI units in Q3 FY21 estimated at Rs 1.20 lakh crore: DG

The value of software exports by units registered under STPI is estimated to touch about Rs 1.20 lakh crore in the third quarter of the current financial year, a top official has said. This is 11.7% higher than around Rs 1.07 lakh crore worth of exports clocked by STPI-registered units in the corresponding period previous fiscal.

Exports by these units stood at almost Rs 1.21 lakh crore in the September quarter of the current fiscal, according to data by Software Technology Parks of India (STPI).

STPI Director General Omkar Rai told that the software exports by units registered under the scheme were estimated to be about Rs 1,20,140 crore in Q3 FY21 (December quarter), against Rs 1,07,549 crore in the same period of FY20.
Rai said the growth in software exports in Q3 was mainly attributed to the business continuity of STPI registered units on account of timely online permissions given by STPI for work-from-home and other statutory services, relaxations in other service providers (OSP) licence by the Department of Telecom and easing out of various compliances by DGFT (Directorate General of Foreign Trade).

"We are hopeful that in Q4 also, our units will achieve new heights in software exports," he added.

STPI is an autonomous society set up by the Ministry of Electronics and Information Technology in 1991, with the objective of encouraging, promoting and boosting the software exports from India.

AI Centres Of Excellence That Opened In India In 2020

Date: December 18, 2020

AI Centres Of Excellence That Opened In India In 2020

The Software Technology Park of India (STPI) announced a plan to establish 21 Centres of Excellence (CoE) to promote emerging technologies, according to news earlier this year.

India has developed itself into a favourable hub for establishing CoEs or innovation centres for next-generation technologies. In the last few years, many CoEs in AI and other emerging technologies have been established in the country with an aim to facilitate research for society and enterprises.

Analytics India Magazine collates the CoEs that were launched in India in 2020.

Accenture – Innovation Lab
Accenture opened a 300,000 square feet innovation hub in Hyderabad with more than 2,000 professionals with expertise in AI, security, extended reality, automation, and blockchain. Accenture’s clients can collaborate to innovate and co-create solutions here.

STPI-Pune clocks export of Rs 18,000 crore during lockdown.

Date: June 11, 2020

STPI-Pune clocks export of Rs 18,000 crore during lockdown.

Software Technology Parks of India (STPI), Pune, has reported exports of Rs 18,000 crore between March and May, director Sanjay Kumar Gupta said. There were 927 units operating here. STPI Pune directorate covers Maharashtra and Goa, catering to the IT/ITES industry in Pune, Mumbai, Nashik, Nagpur, Aurangabad, Kolhapur and Goa.

Gupta said the pandemic had no major impact on the IT and ITES companies operating in the region, with almost 90% to 95% of work being done from home. All mandatory approvals for imports and software exports are being processed and received online, through emails, to ensure seamless operations, he said.

This ensured that the IT /ITES industry continued growth on expected lines, inching towards the Rs 1-lakh-crore mark. Early estimates put the total exports from here in 2019-20 at around `93,000 crore, Gupta said. Maharashtra secures No. 2 spot in exports after Karnataka, which tops the charts.

FinTERACT 2021

FinTERACT 2021

  • Start Date 27-01-2021
  • End Date 29-01-2021
  • Type Conferences
  • Display Flagship Events
  • Venue STPI - Chennai

FinTERACT 2021 is a three-day conference being jointly organized by STPI, Govt. of Tamil Nadu, TiE-Chennai and others.

The event is being held during 27th January to 29th January 2021.

The theme of FinTERACTis redeFINeTECH in a new era of Digital Transformation and evolving business models.

FinTERACTaims to be India’s global FinTech event hosting Keynotes, Panel Discussions and Speaker Sessions from Global FinTech Leaders, Domain Experts, Policy Makers, Thought Leaders & Visionaries from across the FinTech ecosystem.

The activities & launches during FinTERACT-2021 shall be:

  • Launch of FinBlue Innovation Network consisting of Finblue Market Place and FinBlue Sandbox
  • Launch of 2ndPitchFestof FinBlue
  • Key Notes from the Leading IndustryExperts in FinTech Sectors.
  • Engagement with successful Start-ups &Entrepreneurs.
  • Engagement with Government Authorities for sharing various Govt Initiatives for FinTech.
  • Fireside chats with FinTech Experts.


FinTERACT envisages attracting quality FinTech Start-ups and Collaborations with leading global FinTech Hubs from UK, Singapore & Europefor FinBlue. This will be a great opportunity for FinBlue start-ups to connect with peers, share and learn best practices for developing innovative FinTech Products.This will also help FinTech start-ups to get closer to the ecosystem. FinTERACT-2021 is expected to reach-out to 3000 FinTech Start-ups from India & abroad.

 

Event Schedule

Book your slot now:

Register Now

Manpower for Web Portal Maintenance (MWPM)

Employment Notice No. STPI/HQ/PDC/07/2020-2021/202

MeitY Start-up Hub (MSH) is an initiative of Ministry of Electronics & IT, Government of India with mandate of bringing relevant stakeholders of innovations under common platform, interconnecting various incubator/CoEs and other startup initiatives of MeitY enabling intersection of technology and ideas, business case of start-ups, crisscrossing of technology resources etc.

Bengaluru

Bengaluru Incubation Service

STPI has been nurturing and supporting high value start – ups through its Integrated Technology Incubation – “Orchid Techscape” located at Cyber Park Electronic City, Bengaluru.

Orchid Techscape is promoted by STPI, Government of Karnataka and is supported by the Industry Association such as TiE, IESA, Industry representatives and the Academia such as IIIT-B, IIMB.

Orchid Techscape offers following support besides a truly ‘plug and play’ facility to the entrepreneurs/startups.

  • Mentoring Support.
  • Venture Capital Fund Interfacing.
  • Support by STPI and the Government of Karnataka.

Incubation FAQ

inc

Incubation Details

  • Raw

    Incubation

  • Total Space
    (in sq.ft.)

    10000

  • Space Available
    (in sq.ft.)

    0

  • Plug & Play

    Incubation

  • Total
    Seats

    38

  • Available
    Seats

    Nil(80-66186000)

Facility Address

Bengaluru-Orchid Techscape, No.76 & 77, 6th Floor, Cyber Park, Electronics City, Hosur Road, Bengaluru, Karnataka - 560 100, INDIA

Contact Us

* 80-66186000 Director, STPI-Bengaluru, No.76 & 77, 6th Floor,Cyber Park,Electronics City, Hosur Road, Bengaluru, Karnataka - 560 100, INDIA
blr[dot]incubation[at]stpi[dot]in

For Enquiry

CAPTCHA
Image CAPTCHA
Enter the characters shown in the image.
Revision information
Briefly describe the changes you have made.
Back to Top