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Consider the following statements regarding the Software Technology Parks of India:
1. It is an autonomous organization under the Union Ministry of Electronics and Information Technology.
2. It aims to promote micro, small and medium entrepreneurs in the field of IT/IT Enabled Services.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding the Software Technology Pa...
Recently, the Software Technology Parks of India (STPI) launched its 24th Center of Entrepreneurship (CoE) - "FinGlobe," dedicated to fostering innovation and growth in the financial technology sector, at STPI-Gandhinagar, GIFT City.
- It is a premier autonomous Science and Technology organization under the Ministry of Electronics and Information Technology (MeitY).
- It is engaged in promoting IT/ITES Industry, innovation, R&D, start-ups, product/IP creation in the field of emerging technologies like IoT, Blockchain, Artificial Intelligence (AI), Machine Learning (ML), Computer Vision, Robotics and Robotics Process Automation (RPA) etc.
- Objectives
- To promote the development and export of software and software services including Information Technology (I.T.) Enabled Services / Bio-IT.
- To provide statutory and other promotional services to the exporters by implementing Software Technology Park/ Electronics and Hardware Technology Park Schemes and other such schemes this may be formulated and entrusted by the Government from time to time.
- To provide data communication services including value added services to IT / IT Enabled Services related industries.
- To promote micro, small and medium entrepreneurs by creating conducive environment for entrepreneurship in the field of IT / IT Enabled Services.
- It has expanded its presence pan-India since its inception in 1991 with 3 centres to disperse tech-driven entrepreneurship to Tier-II/III cities.
- Today, STPI has 64 centres of which 56 centres are in Tier-II/III cities.
- Significance: These centres have been playing a pivotal role in boosting IT/ITeS/ESDM exports from the respective region, generating employment, and fostering startups to develop software products.
Hence both statements are correct.
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Consider the following statements regarding the Software Technology Pa...
Software Technology Parks of India
Software Technology Parks of India (STPI) is an autonomous organization under the Union Ministry of Electronics and Information Technology. It was established in 1991 with the objective of promoting software exports from the country.
Key Points:
- Statement 1: It is an autonomous organization under the Union Ministry of Electronics and Information Technology.
- Correctness: This statement is correct. STPI operates under the Ministry of Electronics and Information Technology and plays a crucial role in promoting the IT industry in India.
- Statement 2: It aims to promote micro, small and medium entrepreneurs in the field of IT/IT Enabled Services.
- Correctness: This statement is also correct. STPI focuses on supporting micro, small, and medium enterprises (MSMEs) in the IT sector by providing them with various incentives and facilities to boost their growth and competitiveness.
Therefore, both statements are accurate, and the correct answer is option 'C' - Both 1 and 2. STPI plays a vital role in fostering the growth of the IT industry in India, supporting MSMEs, and contributing to the country's overall economic development through the promotion of software exports.
Software Technology Parks of India (STPI) is an autonomous organization under the Union Ministry of Electronics and Information Technology. It was established in 1991 with the objective of promoting software exports from the country.
Key Points:
- Statement 1: It is an autonomous organization under the Union Ministry of Electronics and Information Technology.
- Correctness: This statement is correct. STPI operates under the Ministry of Electronics and Information Technology and plays a crucial role in promoting the IT industry in India.
- Statement 2: It aims to promote micro, small and medium entrepreneurs in the field of IT/IT Enabled Services.
- Correctness: This statement is also correct. STPI focuses on supporting micro, small, and medium enterprises (MSMEs) in the IT sector by providing them with various incentives and facilities to boost their growth and competitiveness.
Therefore, both statements are accurate, and the correct answer is option 'C' - Both 1 and 2. STPI plays a vital role in fostering the growth of the IT industry in India, supporting MSMEs, and contributing to the country's overall economic development through the promotion of software exports.
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Consider the following statements regarding the Software Technology Parks of India:1. It is an autonomous organization under the Union Ministry of Electronics and Information Technology.2. It aims to promote micro, small and medium entrepreneurs in the field of IT/IT Enabled Services.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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