STPI Started its Activity to Setup IT Park in Agra

STPI Started its Activity to Setup IT Park in Agra


Location : -
 STPI Building at Sector – D, Shastri Puram,
Agra, Uttar Pradesh

The proposed new STPI building with built up area of approximate 1859 Sq.mtrs (20,010 Sq.ft) is to be constructed with Ground+1 with provisions of vertical extension for five additional floors


The area distribution/ bifurcation of 20,010 Sqft. built up area is as follow:

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STPI plans data centre in Odisha to host servers of PSUs, corporates

The Software Technology Parks of India (STPI) plans to set up a world class data centre in Bhubaneswar at an investment of Rs 60 crore.

"The data centre will one of its kind in eastern India with a certification from the Uptime Institute, USA. It will be a 100 rack data centre", said an official.

Passive infrastructure will be taken up with a cost of Rs 30 crore in the first phase and the balance will be invested in the second phase.

The first phase infrastructure is likely to be completed by December and the approval has been received from STPI head office, added the official.

With the completion of the project, public sector undertakings (PSUs), micro small and medium enterprises (MSMEs) and corporates will be able to host their servers at the data centre.

In Odisha, a state data centre (SDC) with a capacity of 80 terabyte (TB) storing 25 critical IT applications is operational and catering to the needs of the government departments only. About 93 per cent of the storage space of the state data centre has already been utilised.

The state is adding another 80 TB capacity to the SDC with an investment of around Rs 25-30 crore within a year.

The services to be provided at the data centre of STPI will include co-location services, managed services, high availability services, cloud services, high performance cluster computing (Hpcc), disaster recovery services. The cloud services will have infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS), analytics as a service (AaaS) and mobile back-end as service (MBaas).

The official said, a consultant for establishing the data centre has also been appointed.

For strengthening common infrastructure for rolling out e-governance programmes, the Odisha government also plans to set up a data centre in Bhubaneswar. The state government intends to spend Rs 2,000 crore annually for rolling out of e-governance projects.

A decision has already been taken that all government departments will earmark two per cent of their annual plan budget or one per cent of their overall budget (whichever is higher) for IT spending so as to provide services through the electronic mode.



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STPI centre coming up in Panchkula

Software Technology Park of India (STPI) is setting up its centre in Panchkula which will provide job opportunities and will help in growth of information technology companies to work better with the help of STPI in the district.

06 March 2016

PANCHKULA: Software Technology Park of India (STPI) is setting up its centre in Panchkula which will provide job opportunities and will help in growth of information technology companies to work better with the help of STPI in the district. This is Haryana's first such park to come up within this financial year. On February 27, minister of communication and information technology, Ravi Shankar Prasad, announced to start STPI in Panchkula during his visit for the inauguration of various e-services in Haryana district in Indradhanush auditorium, Sector 5.

According to officials of communications and information technology, STPI will act as single window in providing services to software exporters. It will have a wide effect on the growth of software exports as its presence will generate environment for growth of Information and Technology sector. The park is expected to generate employment and entrepreneurial opportunities for people living in the district.

Officials also informed that most important contribution of STPI to the software-export sector would be of providing High-Speed Data Communication (HSDC) services and STPI has its own designed and developed state-of-the-art HSDC network named SoftNET.

However, top officials of IT and communications informed that STPI would be setup in the area of 1 lakh square feet in Sector 25 where IT park of Panchkula exists, and also informed that construction work has been started which would be completed within this financial year. Managing director of Haryana State Electronics Development Corporation Limited (HARTRON), Vijayendra Kumar, said, "STPI park would be set-up in Sector 25 of Panchkula on an area of more than 80,000 sq ft where IT park of Panchkula already exists and STPI would be functional in this financial year once after its construction would be completed."

STPI will boost up the growth of IT companies and will provide various job opportunities for the people living in the district, added Kumar. STPI will act as resource centre for its member units by offering general infrastructure like built-up space, centralized computing HSDC facilities, fully air-conditioned incubation space, 24/7 security system, among others. Deputy commissioner Mandip Singh Brar said, "STPI will provide benefit in growth of IT companies and will provide various job opportunities to the people of district."

Additional director STPI, Ajay Prasad Shrivastava, said, "We have 54 centres of STPI throughout India which are functional and Panchkula will be 55th centre of STPI. It will help in pushing more IT companies to Panchkula and will act as a focus point."





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Startup Mission to ink pact for innovation zone

Startup Mission to ink pact for innovation zone



The Kerala Startup Mission (KSUM) will partner with the Union government’s Software Technology Parks India (STPI) and Technology Development Board for realising the Rs.250-crore Kerala Technology Innovation Zone (K-TIZ) at Kalamassery.

The STPI of the Communications and Information Technology Ministry has given approval for setting up a one-lakh-sq-ft building at an estimated cost of Rs.75 lakh. The Hindu has learnt that the KSUM and STPI will soon sign a memorandum of understanding to transfer two acres of land at Kinfra Hitech Park free of cost to the STPI for setting up the space.

“It will be available for companies, which are scaling up, at an affordable price. We have also requested the Technology Development Board to support the K-TIZ and there is an in-principle agreement to extend necessary support for the project,” said P.H. Kurian, Principal Secretary, Department of Information Technology.

The zone now consists of the Startup Village (this space was taken back by the KSUM from January 1) and the Biotech Incubation Centre (now registered as an independent society jointly promoted by the mission and Rajiv Gandhi Centre for Biotechnology).

“The space for setting up an electronics incubator (25, 000 sq ft) in the office plaza will be ready by January end. The incubator is being set up by the Indian Institute of Information Technology Management – Kerala in association with Startup Village and supported by the Department of Electronics and Information Technology,” said Jayasankar Prasad C., Chief Executive Officer, KSUM.

Mr. Prasad said that the initial work for common infrastructure is progressing. The entire project is expected to be complete in two years. The zone will create a total built-up area of about five lakh sq ft. It will act as a venue for international conferences, tech expos and workshops conducted by industrial leaders and players from various sectors, he said.


News Source : http://www.thehindu.com/news/cities/Kochi/startup-mission-to-ink-pact-for-innovation-zone/article8060414.ece



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STPI pegs Rs 190 Cr investment for Bhubaneshwar Wi-Fi project

STPI pegs Rs 190 Cr investment for Bhubaneshwar Wi-Fi project


STPI proposes five implementation models of the project including an annuity model; state govt will have to choose one

The proposal to make Bhubaneswar Wi-Fi would soon turn into reality as the Software Technology Parks of India (STPI), the consultant for the project has submitted the detailed project report to the state government.

In the project report, STPI has made a projection of Rs 196 crore of capital and operational expenditure for providing over the air connectivity to the citizens.

STPI has proposed five models of implementation of the ambitious project including an annuity model out of which the state government will have to choose one model to implement it.

Officials said about 400 kilometers in the city will be brought under the Wi-Fi zone and the STPI is in the process of giving final touch to the request for proposal document.

" The RFP will be ready will in next few days and be will floated soon. The selected company will be paid about 30 per cent of the cost under the head of capital expenditure initially under the annuity model and the balance will be paid over a period of seven years ", said an official.

About Rs 96 crore will be incurred for the capex and Rs 100 crore for the operation expenses, he added.

Before the preparation of the project report STPI had created PoC(proof of concept) in about six strategic locations of the city. Leading players like Bharti Infratel, Airtel, Reliance Jio and Ortel have participated in the PoC.

It may be noted that the state IT department had drawn up an ambitious plan to roll out Wi-Fi services at major locations in the capital city. The objective of providing Wi-Fi services includes providing public internet access, internet access for local businesses to spur economic development, internet access for public schools and internet access on public transportation. Sources said, STPI has studied the best practices implemented by the cities around world before finalizing the DPR.

Other cities having Wi-Fi connectivity are Patna having 20 km free Wi-Fi zone, Bangalore (Mahatma Gandhi Road and Brigade Road) and Connaught Place area of the national capital New Delhi. If implemented , Bhubnaeswar will be first city in country to be entirely Wi-Fi enabled, officials said.

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STPI setting up incubation centre in Arunachal Pradesh

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STPI setting up incubation centre in Arunachal Pradesh

PTI Dec 30, 2015, 03.44PM IST


Tags:
STPI|Itanagar|IT|Entrepreneurship|Devesh Tyagi|Arunachal Pradesh

(STPI was established in…)
ITANAGAR: Software Technology Parks of India (STPI) of the Communications and Information Technology Ministry is setting up an incubation facility here to cater to the IT industry and boost entrepreneurship and IT exports from the state.

In this regard, a pact was signed between Senior Director, STPI, Devesh Tyagi and Director (IT) Department of Information Technology, Arunachal Pradesh, Neelam Yapin Tana in New Delhi on Tuesday, an official release said.



The state government was providing a 12,000 sq ft built-up space along with five acres of land free of cost to set up the incubation centre, it said.

The facility would act as a resource centre for IT/ITES exporting units by offering infrastructure facilities like ready-to-use incubation, high-speed data with uninterrupted connectivity and other amenities required for development and export of software and services, the release said.

The facility would be operational within six months and will create direct and indirect employment opportunities for the IT graduates in the region, it said.

STPI was established in 1991 by the Union Ministry of Communications and IT with a distinct focus for promotion of IT/ITeS exports from the country.

The method to be used was providing single window regulatory services under STP and EHTP schemes, plug and play incubation facilities for startups and young entrepreneurs as well as HSDC services for seamless access for offshore IT/ITeS exports.

Working closely with stakeholders, STPI has played a key role in creating 'Brand India' and transforming the country as most preferred IT destination, it said.

The STPI centre at Itanagar was a step towards facilitating and supporting the dynamic entrepreneurs of the region to explore global opportunity with goals like, making the region one of the preferred IT destination and attracting IT/ITES units to the state and promoting export of IT software and services from the region, it added.


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NEW INCUBATION CENTRE COMING UP AT BHILAI STPI

NEW INCUBATION CENTRE COMING UP AT BHILAI STPI

Tuesday, 05 January 2016  Bhilai | in Raipur

A new state-of-art Incubation Centre will soon come up in the Steel City at the Software Technology Parks of India (STPI) premises.

The Incubation Centre which works under the Department of Electronics and Information Technology under the Union Ministry of Communications and Information Technology would be established in 25,000 sqft of area. The STPI Bhilai had been operational since 2002 for promotion of IT and ITes from the region.

The STPI in Bhilai had been providing incubation services to start-ups and SMEs. On the other hand, in February last year, The National Association of Software and Services Companies (NASSCOM) had announced that it would establish its ‘Incubation Centre’ in Chhattisgarh, officials stated.

Chief Minister Raman Singh during his visit to  Bengaluru where he was as chief guest to attend ‘Vision Summit- 2015’ organised by the India Electronics and Semi-Conductors’ Association (I.E.S.A) in Bangalore, Karnataka had stated that he had met the Chairman and senior scientists of Indian Space Research Organisation (ISRO) and the representatives of NASSCOM during the ‘Vision Summit -2015’.

Singh had stated that NASSCOM will open an ‘Incubation Centre’ in Chhattisgarh which will provide better guidance, technical knowledge and information related to the industry besides other help to the IT students.

Efforts will be made to provide technical and financial assistance to the students for entrepreneurship development, Singh said.

The ‘Incubation Centre’ will serve as a good platform for students, said Singh, adding, the IT majors and investors wishing to invest in IT sector are likely to visit Chhattisgarh during the coming days.

Satisfied by his tour, Singh had stated that discussions were also held with the investors regarding investment in Defense sector in Chhattisgarh.Representatives of India’s well known companies present in the ‘Vision Summit 2015’ have evinced interest for making investment in new sectors in the State.

‘The investors present at the Summit believed that Chhattisgarh is a better place for IT industry,’ Singh had stated.

In April last year, the Chhattisgarh Government and NASSCOM had also signed a  MoU, in which NASSCOM agreed to provide necessary guidance to State’s Information Technology Department for promoting Information Technology and skill development of youth in Chhattisgarh.


News : http://www.dailypioneer.com/state-editions/new-incubation-centre-coming-up-at-bhilai-stpi.html


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RBI sets up helpline for startups on fund-raising

MUMBAI: With startups raising funds from a variety of offshore sources, including individuals, private equity players and crowdsourcing, the RBI has set up a dedicated helpline for advice on cross-border remittances which are subject to guidelines issued under the foreign exchange management act.

Although businesses are supposed to know the law %before they raise capital, many of the startups are being promoted by very young and inexperienced individuals. Moreover, the amount raised by some of them run into only a few lakhs, making it difficult for them to hire %law firms.

The helpline is actually an email ID (helpstartup@rbi.org.in) through which RBI will respond to queries. The central bank said that it will offer guidance/assistance to them for undertaking cross-border transactions within the %ambit of the regulatory framework.


"While seeking guidance, the enterprises should provide complete information to the RBI and mention the specific issues on which they need guidance in relation to the Foreign Exchange Management regulations. This would enable the personnel attending the helpline to offer timely and effective information."

In his Independence Day speech, Prime Minister Narendra Modi had announced that government would take measures to promote startups in the country. Since then, the government has sought inputs from investors like SoftBank president Nikesh Arora and Snapdeal CEO Kunal Bahl and former Infosys director Mohandas Pai. The department of industrial policy and promotion had drawn up an action plan to address concerns of entrepreneurs. One of the issues raised was the cumbersome process in complying with the Foreign Exchange Management Act (FEMA) documentation.

Startups usually undertake a wide range of cross-border transactions including those related to investment. Cross-border transactions of resident Indians are subject to the regulatory regime provided by the Foreign Exchange Management Act, 1999.

 News : http://timesofindia.indiatimes.com/business/india-business/RBI-sets-up-helpline-for-startups-on-fund-raising/articleshow/50290682.cms

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Soon, plug-n-play facility for startups at Udyog Bhavan, Panaji, Goa

TNN | Nov 12, 2015, 03.17AM IST



Panaji: In a major boost to the state's information technology (IT) aspirations, the department of information and technology has finally heeded the call for a plug-n-play office space for startups. Having picked Udyog Bhavan in Panaji as the location for the initiative, the department has requested the Goa state infrastructure development corporation ( GSIDC) to design the office within three months.

Plug-n-play offices provide desk space with internet connectivity, power supply, and conference areas for meetings. In doing this, they fulfil an essential need for startups during their initial phases, when funding is scarce. The government will offer the service in the heart of the capital in a bid to handhold startups, which form a major chunk of the IT presence in the state.

"Software Technology Parks of India (STPI) will operate the facility and put in its own funds.
We hope to have the office ready within three months," director of information and technology, Shilpa Shinde, said. STPI is a statutory body and an internet and incubation service provider. Its key role is to incubate export-oriented startups.

Earlier in August, around 35 startup representatives met with the state's IT department to discuss this issue of a plug-n-play facility, besides other crucial matters such as seed funding and incentives for IT companies.

Initially, the department had identified buildings vacated by schools that moved to Cujira, as well as an office space occupied by a global business solutions company. It was even considering leasing the premises and subsequently offering it to STPI. Discussions, however, soon fizzled out, sources said. The government eventually zeroed in on the second floor of the Udyog Bhavan, which was earlier occupied by the department of mines and geology.

STPI will also operate an incubator for export startups on the premises. The launch of the incubator, expected in the last quarter of 2015-16, will take the number of government-aided incubators in Goa to four. Goa currently has two incubators - one at Verna and the other at Assagao - and another that is jointly-run by the department of industries, trade and commerce, and the Goa chamber of commerce and industry ( GCCI).


News : http://timesofindia.indiatimes.com/city/goa/Soon-plug-n-play-facility-for-startups-at-Udyog-Bhavan/articleshow/49750697.cms



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STPI gives away Export Awards

Bengaluru, Dec 10, 2015, DHNS:

Software Technology Parks of India (STPI), an autonomous society under the Ministry of Communications and Information Technology, on Wednesday presented the Export Awards 2015 for IT, ITES, and electronic hardware companies under eight different categories.

The STPI IT Export Awards, which form part of the 18th edition of Karnataka’s premier IT summit Bengaluru ITE.biz, is given on performance parameters like consistency in exports, employment of women, and differently abled manpower employment for financial year 2014-15.

Besides 23 companies, STPI presented ‘IT Pride of Karnataka’ awards to 22 IT, ITeS, and electronic hardware companies that have embarked into the ‘Billion Club’ category (with exports exceeding Rs 1,000 crore).

Infosys has been recognised as the ‘IT Ratna of Karnataka’ for its consistent and outstanding performance in IT exports (exceeding Rs 10,000 crore), and for being the highest exporter and employer in Karnataka.

While the highest new jobs creator award in IT segment was bagged by CGI Information Systems & Management Consultants, the highest exports per employee — IT  was given to Qualcomm India. Chief guest K Kasturirangan, and guest of honour Kris Gopalakrishnan gave away the awards. Principal Secretary, Department of IT, BT and S&T V Manjula, IAS, Director General, Software Technology Parks of India (STPI) Omkar Rai, were also present.

News Source : http://www.deccanherald.com/content/516543/stpiamp8200gives-away-export-awards.html



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Centre gives final approval for 4 STPIs - Angul, Sambalpur, Jajpur and Jeypore in Odisha

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 Centre gives final approval for 4 STPIs - Angul, Sambalpur, Jajpur and Jeypore in Odisha



Bhubaneswar: Days after union Petroleum Minister Dharmendra Pradhan urged IT Minister Ravi Shankar Prasad to accord approval for four STPI projects in Odisha, the centre has granted its final approval for the projects, said sources in the state government.

Dharmendra Pradhan on Thursday requested Prasad to accord approval for four new Software Technology Parks of India (STPI) in Odisha.

The state of Odisha has got a rich talent pool in the Information Technology sector. In fact, the State has developed as an education hub of Eastern India, with a number of engineering colleges engaged in imparting education and skill development in the region, noted Pradhan while pleading for the STPIs.

Presently, there are three STPIs already operating in Odisha and one is about to be commissioned. Feasibility report with respect to the establishment of STPIs of four locations, namely, Angul, Sambalpur, Jajpur and Jeypore (Koraput) have been submitted for the final approval to the Ministry of Communication and Information Technology, he said.

Dharmendra Pradhan on Thursday requested Prasad to accord approval for four new Software Technology Parks of India (STPI) in Odisha.

The state of Odisha has got a rich talent pool in the Information Technology sector. In fact, the State has developed as an education hub of Eastern India, with a number of engineering colleges engaged in imparting education and skill development in the region, noted Pradhan while pleading for the STPIs.

Presently, there are three STPIs already operating in Odisha and one is about to be commissioned.
Feasibility report with respect to the establishment of STPIs of four locations, namely, Angul, Sambalpur, Jajpur and Jeypore (Koraput) have been submitted for the final approval to the Ministry of Communication and Information Technology, he said.

- See more at: http://www.prameyanews7.com/en/nov2015/odisha/7060/Centre-gives-final-approval-for-4-STPIs-STPI-Dharmendra-Pradhan-Ravi-Shankar-Odisha.htm#sthash.sYDam4gW.dpuf





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Brickwork India Sangeeta Kulkarni gets STPI IT Export award

BENGALURU, DECEMBER 9:  

Sangeeta Kulkarni, co-founder and CEO of Brickwork India, has been awarded the Software Technology Parks of India (STPI) IT Export award, ‘Woman Entrepreneur of the Year – IT” for 2014-2015.

Ms Kulkarni was felicitated at the STPI IT Export Awards 2014-15 function held in Bengaluru.

The event was co-hosted by Software Technology Parks of India (STPI) and was held as a part of BangalorITE.biz (2015), India’s premier IT & Electronics event.

She received the award from Dr Kasturirangan, former chairman of ISRO and Space Commission, ex-member of Rajya Sabha and Kris Gopalakrishnan co-Founder and Executive Vice Chairman, Infosys Ltd.

Under Ms Kulkarni’s leadership, Brickwork has experienced all-round business growth and has become the world’s largest provider of remote executive assistance services. With strong focus on business excellence, she has driven revenue growth over 500 per cent which is an achievement in itself for a business that is highly complex, diverse and demanding.

She has built a global brand catering to diverse service requirements of clients located across 116 countries by implementing innovative business & people practices and strongly leveraging processes and technologies.

News : http://www.thehindubusinessline.com/info-tech/brickwork-india-sangeeta-kulkarni-gets-stpi-it-export-award/article7966505.ece


Brickwork Founder Profile : 

Vivek has over 25 years of experience in managing different verticals of Business and Government departments. He was the Information Technology & Biotechnology Secretary, Government of Karnataka, Bangalore. During his tenure in Government, he was instrumental in building world-class information technology and Biotech institutes and corporate events in Karnataka. He promoted public-private partnership in Governance. Between 2000 and 2003 he worked actively in marketing Bangalore as the undisputed IT Capital of India. Prior to IT Secretary, he worked as Finance Secretary in Govt. of Karnataka, Head of CRISIL Advisory Services as well as the Division Chief SEBI. He was a faculty at the Boston University as well as the Indian Institute of Management, Bangalore. At present, he is a visiting professor in finance at the Indian Institute of Science, Bangalore.

Vivek had pioneered the ‘remote executive assistant’ concept through Brickwork India, which received worldwide acclaim through various publications such as the New York Times bestseller authors, Thomas Friedman (The World is Flat) and Timothy Ferris (The 4-hour work week).Other publications like Fortune; Business Week - China-India survey; The Sunday Times; Esquire as well as several TV channels in the US and Europe have given coverage of Vivek's work




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RBI reduces repatriation time of export proceeds to 9 month Earlier, these entities were getting a year to realise and repatriate full value of goods/software/services to India. The time for other exporters was reduced to nine months from one year in May 2013.

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RBI reduces repatriation time of export proceeds to 9 month Earlier, these entities were getting a year to realise and repatriate full value of goods/software/services to India. 

The time for other exporters was reduced to nine months from one year in May 2013.

 Exporters and units in special economic zones (SEZs) will now have to realise and repatriate overseas sales proceed of goods and services in nine months, as against 12-month earlier, from the date of shipment. "...
henceforth the period of realisation and repatriation of export proceeds shall be nine months from the date of export for all exporters including

Units in SEZs, Status Holder Exporters, EOUs, Units in EHTPs, STPs and BTPs until further notice," a RBI notification said. Earlier, these entities were getting a year to realise and repatriate full value of goods/software/services to India. The time for other exporters was reduced to nine months from one year in May 2013. In another notification, RBI said domestic tax laws will be applicable on transactions involving acquisition of immovable property by Indian citizens living outside the country and Persons of Indian Origin. The clarification comes as "doubts persist" in the members of public regarding requirement of payment of taxes while undertaking property transactions under the Foreign Exchange is invited to Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations. An amendment in the Regulations had said: "Any transaction involving acquisition of immovable property under these regulations shall be subject to the applicable tax laws in India."


News Source : http://www.moneycontrol.com/news/economy/rbi-reduces-repatriation-timeexport-proceeds-to-9-month_1233890.html




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Why RBI Simplified its procedure to submit export declaration form ?

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 Why RBI Simplified  its procedure to submit export declaration form ?

RBI now introduced new guidelines and removed the difference between single/bulk submission of forms & large/small exporters to simplified procedure of Softex forms.

See New Procedure here ->> http://stpi-scheme.blogspot.in/2015/11/rbi-simplified-export-declaration_24.html


Reasons and concerns -

See this news :-

Startups balk at RBI’s 2013 circular on software-export forms

MUMBAI: Complying with the RBI's 2013 circular requiring companies to file software-export forms for every transaction is proving to be a nightmare for startups that are now required to submit the form, in four copies, for every transaction.

Earlier, the softex forms were required only for invoices exceeding $25,000. Few startups had a significant level of transactions of that size but when the central bank removed the floor, every software export transaction was targeted.

To file a softex form, a company has to fill in the details of the invoice, along with the contract or statement of work. The form can be downloaded from the RBI website and then four copies have to be made -- one for the Software Technology Parks of India which will certify the transaction, one for RBI, one for the startup's bank that receives the payment and one for the startup.

And in some cases the form, in its current avatar, simply can't be filled, as in the case of a startup selling an application on a Google or Apple Store, which has no contracts or invoices.



"This very frustrating. We have made representations to the RBI to explain to them that this is very onerous for a startup and we want them to restore the threshold because there are micro-transactions that are getting caught. We have asked them if the forms can be aggregated, so it can be filed once a month, or once a quarter. We are waiting for their decision," Ravi Gururaj, chairman of the Nasscom Product Council, told ET. Gururaj added that they were working with several startups and product companies that were facing problems in trying to comply.

RBI did not respond to an email sent on Tuesday seeking inputs for this story.

For startups that want to comply with the rule in its current form, the process is painstaking and adds costs. Just registering with the STPI costs a fee that is based on revenue.

"We have about 400 invoices a month that range in size from $2000-$30,000. I have to create 1600 forms, and each has to be signed. We are also starting a business when you can use our software for $10 a month, and we want thousands of customers. I will have to hire people just to finish these forms and then I will have to buy a truck to deliver them," Abhishek, a founder at a startup that develops applications for customers outside India, said.

He declined to be identified because his business is small and he did not want to offend the STPI or RBI.

A second startup founder said that while he knows about the circular, his bank doesn't.

"They only ask for Softex forms for invoices over $25,000. So, currently, it isn't a problem. But we know we are non-compliant. The problem is that in the current state, we don't know how to even become compliant with it becoming a big problem," Atul, who runs a small IT outsourcing firm, said.

Startups are now caught in a Catch-22 situation. They could either comply with the notification, inflating their costs, or they could postpone complying and face flags in the due diligence process when they try to raise funds.


Experts on Softex forms say that even larger companies are just beginning to comply with the circular that was sent about two years ago.

"We have clients that are just beginning to comply. But in defence of the central bank, they have tried to make the process easier by shifting it online. And they have been understanding and lenient when they see non-compliance. But saying you are ignorant of the rule is not an excuse," Divya Gupta, Director of Tax at consultancy KPMG, said. Gupta added that as yet there was not adequate knowledge about the rule change.

Penalties for not complying with rule come under the Foreign Exchange Management Act, which includes the potential for large fines.


 Source : http://articles.economictimes.indiatimes.com/2015-07-23/news/64772830_1_rbi-website-forms-ravi-gururaj


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Andhra Pradesh - Three IT towers yet to take off in city

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Andhra Pradesh - Three IT towers yet to take off in city 


VISAKHAPATNAM: Even though the AP government has loudly proclaimed several times that the Port City will be developed as an IT destination, three proposed towers with a combined estimated cost of around Rs 360 crore for IT are yet to take off in Vizag.

The first tower to be mooted for IT was by the Software Technology Parks of India (STPI), which along with the Visakhapatnam Urban Development Authority (Vuda), was planning a domain specific innovation and incubation centre on IT/ITeS in marine, petroleum and power at Siripuram.

The proposal was first mooted by STPI in 2009, following which it approached Vuda to develop the tower on an area of around 2,571 square metres behind the existing Vuda building. According to initial estimates, the project is expected to cost around Rs 30-35 crore and comprise between 9 and 12 storeys with plug and play facility for small and medium enterprises.


On its part, the state is maintaining that the project is in place. "A Chennai-based consultant was roped in for preparing the detailed project report (DPR). The DPR is likely to be submitted to us in 40 days," said a senior Vuda official. "Based on the DPR, we will be taking up the project," he added.

The second tower proposed for IT was at the Visakhapatnam Special Economic Zone (VSEZ) premises in Duvvada. Incidentally, Union minister for commerce and industry Nirmala Sitharaman even laid the foundation stone for the tower in August last year, which is expected to cost around Rs 40 crore.

The IT tower was to come up over 2.5 acres with a plinth area of 1.09 lakh sft with plug and play facilities for IT firms along with two floors set aside exclusively for data recovery centres.

On this project, the state says the ball is in the centre's court. "The funds for the project have to be released from the union information technology ministry. We have already requested the ministry for funds to take up construction work of the project. Once the funds are released, then CPWD will take up work on the building," a VSEZ official said.

While these two towers are yet to take off, the third tower - IT Signature Tower - which was announced by chief minister N Chandrababu Naidu at the end of last year, is also yet to take flight.

While the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) roped in Jones Lang LaSalle (JLL) as a consultant for the project and the request for proposals was invited from prospective developers, it is yet to be finalised. The first phase of the project is estimated cost around Rs 291 crore with an area of 9.50 lakh sft including space for IT firms as well as retail space, food and beverage counters.

"The developer will be finalised on December 6," said an APIIC official, when asked about the status of the project.
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Centre gives nod to four new STPI units in Odisha

Last year, Centre had given in-principle approval for six new STPI centres for the state

In a major boost to Odisha's IT (Information Technology ) sector, Union Ministry of Communication and Information Technology has accorded final nod to four new STPI (Software Technology Parks of India) centres in the state.

In a letter to Union information and technology minister R S Prasad, oil minister Dharmendra Pradhan had recently demanded early approval of the four STPI units.



"The department of electronics and information technology (deity) under the ministry of communications and information technology has approved setting up of four new centres. We are yet to receive a formal communication. It is our biggest achievement", said Pranab Prakash Das, state IT minister.

The new centres will come up at Jajpur, Anugul, Koraput (Jeypur) and Sambalpur.

Last year, the Centre had given in-principle approval for six new STPI centres in Odisha. The sites selected were Jajpur, Sambalpur, Koraput (Jeypur), Angul and Kalahandi (Bhawanipatana). After that, the state had sent feasibility reports of five more locations barring Bhawanipatana for final approval.

With the addition of new STPI centres, the number of such centres in Odisha will now go up to eight. The four centres already established in the state are located at Bhubaneswar, Berhampur, Rourkela and Balasore.

Barring the Balasore unit, which is under construction, the other three centres are now operational and contribute the major chunk to the state's IT export basket. More than 100 IT units in the state are registered with STPI.

A provisional incubation facility at Balasore spreading over 5,000 sq ft is operational from a temporary campus. The Balasore centre will be a 20,000 sq ft facility built at a cost of Rs 10 crore in Bampada industrial estate.

The STPI centre in the coastal Odisha district will act as a resource centre for IT/ITes exporting units by offering general infrastructural facilities, ready to incubation space, high speed data communication (HSDC) with 100% uninterrupted data connectivity and other amenities required for export of software and services.

A total of 45 units have contributed to IT exports from the state during 2014-15. Of them, 42 units are registered under STPI and the balance are located in Special Economic Zone (SEZ). The IT export from Odisha was Rs 2,564 crore in 2014-15.

The STPI registered units have clocked export figures of Rs 2,077 crore while SEZ units exported Rs 487 crore worth of software. Among others, software majors Infosys, Tech Mahindra are registered with the STPI in Odisha.





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Kolhapur-based IT company wins award in Asia's largest expo

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 Kolhapur-based IT company wins award in Asia's largest expo



KOLHAPUR: A city-based IT firm, Trimetric Softwar Solutions, recently won best exhibitor award in Asia's one of the largest electronics and IT expo, CeBIT India 2015, in Bengaluru. The company won the award for its solution for motorbike and schools in the 'Make in India' category.

The expo is organized by Software Technology Park of India (STPI) with the Hannover Milano Fairs India Pvt Ltd, the Indian subsidiary of the global joint venture of Deutsche Messe (Germany) and Fiera Milano Group (Italy), every year.

Jaydeep Mohite, founder and chief operating officer of Trimetric, said the award is a big achievement for the company which is locally developing IT solutions primarily for motorbike and education purposes. "Our GPS Axis application won the best innovator award and STPI has further shortlisted 10 IT organizations for participation in CeBIT 2016 at Hannover, Germany to propel their access to global markets. Trimetric Software Solutions is one of them selected in those 10 startups to take their business presence from national exposure to international exposure," he said.


GPS Axis Application provides solution to stop vehicle and protects it from theft. It also helps the vehicle owner to assess the location of the vehicle through Google Map. Besides, Trimetric has also developed a mobile-like gadget for school-going children. "We have developed a special device using which children can call, send SMS to specific numbers. The device will work like a cellphone with limited applications in it," Mohite said.


News Source : TNN | Nov 5, 2015, 02.48AM IST


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CeBIT 2016 edition to focus on digitisation

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 CeBIT 2016 edition to focus on digitisation

Bengaluru,Oct 31, 2015,


More number of startups are expected to attend next year’s CeBIT to be held in Hannover from March 14 to 18, 2016, said Jan-Hendrik Tiedje, Key account manager of Deutsche Messe. Speaking on the sidelines of CeBIT India 2015, on Friday, Tiedje emphasised the need for digitisation and stated that it is the need of the hour.

He also emphasised on the importance of Keynote topics for the success of CeBIT. Next years’s CeBIT will focus on digital economy. 

“The focus is also on the financial technology sector. Sergio Ermotti, Group CEO of UBS, is one of the attendees for the next year’s event,” Tiedje said, adding Switzerland is the partner country in the upcoming CeBIT Hannover. He also assured the promotion of Indian MSME sector with delegations from Kerala, Odisha, UP and Gujarat making their foray into the  European market.

Priya Sachdeva, Project Manager of HMFI, highlighted the importance of Electronics and Computer Software Association (ESC) in providing large amounts of subsidies to small scale businesses for their participation in CeBIT. Commenting on the importance of growth talks, a new concept in India, Priya added that they are committed to the promotion of entrepreneurial spirit in India. While highlighting the importance of CeBIT, Girish Babu, CEO of Technopark, said that CeBIT gives aspiring entrepreneurs a global overview of the market place.

Arbind Prasad, Director General FICCI, said that FICCI would be managing the India Pavilion on behalf of the Government of India in the upcoming CeBIT. FICCI will be supported and funded by the Department of Industrial Policy Promotion and Department of Electronics and IT, he added



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Manufacturing startups shine at CeBIT, seek funds

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 Manufacturing startups shine at CeBIT, seek funds




KT Rama Rao, Minister for IT, Telangana, speaking at the inaugural speaker at CeBIT 2015, BangaloreKT Rama Rao/Twitter
Indian manufacturing startups operating in the space of vision inspection system, data monitoring and control and advanced Point of Sale (POS) solutions are vying for attention and funding at the software industry-dominated CeBIT.

Vision inspection system and self-learning system machines manufacturing startup Maxerience aims to automate quality control in dynamic manufacturing with its machines, said founder Pradeep V.S.R. Pydah.



"Maxerience takes the photograph of a perfect product (Golden reference) and compares the quality of subsequent products for quality and pinpoints defects," he said, adding one of their clients manufactures 12,000 remote control key pads every day and employs four people to physically check for defects - a task which they have automated.

Some of the technologies deployed by Maxerience are machine learning, motion control electronics, computer vision and mechanical design among others.

Self-funded Maxerience has four customers including a Fortune 50 company. It is also selling vision inspection systems for electronics manufacturing and 3D printing companies in South Korea.

Self-funded three-year-old Data Monitoring and Control startup EMNICS makes systems for industrial data monitoring and failure detection, said its founder Jegajith P.T., saying their technology can be used by a a power plant company with operations in remote areas to monitor its machines remotely and avert failures.

Currently operating with eight employees, EMNICS aims to focus on Internet of Things (IoT) security in the future.

Easy Design Solutions is another hardware startup showcasing its Point of Sale (POS) products at India's largest software fair.

Its founder Soundararaj R. Damodharan said, "There are so many POS machines in the market now, but many of them lack advanced features like Cloud integration, ERP integration, online report generation, remote inventory management and advanced authentication mechanism among others. These are all packed in our POS machines."

Damodharan is seeking funding and marketing guidance from VCs, Angels and mentors.

However, one common fundamental pain point highlighted by the manufacturing startups is lack of funding and venture capital enthusiasm for manufacturing startups India.

"Everybody brags and exaggerates funding for software and e-commerce startups while ignoring manufacturing and hardware startups. The heart and soul of aMake in India' and 'Digital India' is manufacturing... just check how much of funding trickled down to manufacturing startups," questioned a hardware startup founder who did not wish to identify himself.

"I had to incorporate my startup in the US as I did not get sufficient encouragement in India. Not everybody can do that," he added.

V. Mahadesha, additional director, Software Technology Parks of India (STPI), said: "Nationalised banks like SBI and others must give collateral free funding to manufacturing startups, which should not be harassed even if they fail."

Another reason he cited for the lack of enthusiasm is the duration it takes for a hardware startup to break even.

Like any manufacturer, manufacturing startups have to bear the expenses of power, machines, building and others to name a few.

Nearly 20 manufacturing startups are showcasing their wares at CeBIT with support from STPI.


News Source : Ibtimes ( 31/10/2015)



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Bengaluru host CeBIT India 2015

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 Bengaluru host CeBIT India 2015

The second edition of global IT event CeBIT India 2015 will start off on Thursday at Bangalore International Exhibition Centre (BIEC) on the city's outskirts.

"India is fast emerging as the global destination for cutting-edge innovation and through our show (CeBIT 2015) we aim to showcase the brilliance of Indian ideas to the global community," said Mehul Lanvers Shah, MD of Hannover Fairs India, the event organiser, in a statement.

At least 10,000 visitors are expected to attend the three-day event from October 29 with about five percent of them originating from abroad.

Along with 100 MNCs, 380 firms, 150 delegates have already confirmed their participation for CeBIT India 2015.

GPS enabled applications, cloud computing applications, motorbikes incorporating innovative automation technology and a human resources mobile app linking job seekers and employers through GPS will be launched by startups at the event.

State-run Software Technology Parks of India (STPI) has partnered with Hannover Milano Fairs India to provide a platform for nearly 100 Micro Small and Medium Enterprises to mark their presence at CeBIT India 2015 to showcase their products and solutions.

From the participating MSMEs, 10 will be shortlisted for participation in the premier CeBIT Hannover 2016 in Germany to propel their access to global markets.

CeBIT Global Conferences (CGC) is a special feature of CeBIT India 2015, it features 30 sessions featuring 80 Indian and international speakers talking on digital disruption and related opportunities in a spectrum of industries.

Emphasising on CBC central theme Diconomy, industry leaders will speak on Innovating for Digital India, Digital Disruption in Financial Sector, Next generation connectivity - making 4G Real, The Future of Work, IT: The Power behind Energy, Diconomy - The shared economy - making it all work together, IoT - How smart products are transforming industries and Industry 4.0 - Manufacturing goes Digital.

Kerala is partnering CeBIT India 2015 as the Digital Foundation Partner. The department of Information Technology, Kerala and CeBIT will together promote 'Digital India'.

CeBIT India 2015 will house a special pavilion Kerala showcasing the state's IT capabilities.

"We are happy to partner with CeBIT for the second time, after a successful association last year. Through the show's global platform, we hope to play a significant role in the Digital India campaign, and generate more than 40,000 direct and over 1.6 lakh indirect employment opportunities," said Girish Babu, CEO, Technopark, Kerala in a statement.

Telangana minister for IT and Panchayat Raj K. Taraka Rama Rao, T. K. Ramachandra, IT secretary, Tamil Nadu and Ajay Kumar, additional secretary, Department of Electronics and Information Technology (DeitY) are the keynote speakers at the event inauguration on Thursday.

Being organised since 1999, CeBIT is one of the largest and most international computer expos. Deutsche Messe AG (German Trade Show, Inc.) organises similar ICT expositions bearing the brand name CeBIT in Australia, Turkey and Brazil.

Deutsche Messe AG introduced CeBIT in India in 2014 customised to suit Indian IT industry needs and demands, CeBIT India 2014 hosted 9,311 business buyers over three days in November 2014.



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