STPI invests ₹400 cr. in office, connectivity infra

News: Software Technology Parks of India (STPI) is investing up to ₹400 crore in setting up office and connectivity infrastructure across several cities offering small technology firms a ‘plug-and-play’ facility.

Facts:

• STPI: It is an Autonomous Society set up in 1991 under the Ministry of Electronics and Information Technology (MeitY).
• Aim: To encourage, promote and boost the Software Exports from India.
• Governing Council: It is chaired by the Union Minister for Electronics & Information Technology.
• Headquarters: New Delhi.

Additional Facts:

• Next Generation Incubation Scheme(NGIS): It is STPI’s incubation scheme with the aim to drive the rise of India as a Software Product Nation so as to make India a global player in development, production and supply of Innovative, Efficient and Secure Software Products.
• Chunauti: It is an online Challenge under NGIS to find the products & solutions to address the issues/challenges faced during and post pandemic situation.

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