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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?
Most Upvoted Answer
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 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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