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State-of-the-art Software Technology Park Inaugurated in Meerut

    29 December , 2021         Fdiindia

State-of-the-art Software Technology Park Inaugurated in Meerut

The 62nd center of Software Technology Parks of India (STIP) was inaugurated by Rajeev Chandrashekhar, Minister of State for Skill Development and Entrepreneurship and Electronics and Information Technology in Meerut.

Mr. Chandrashekhar said that the STPI center in Meerut will be crucial for energizing tech startups and micro, small and medium enterprises (MSMEs) of the zone, and provide the necessary stimulus to boost software exports and create additional jobs.

He added that it would also attract foreign direct investment (FDI) in the region and help realize the vision of Digital UP (Uttar Pradesh). IT/ITES exports by STPI-registered units for FY 2020-21 stood at Rs. 4,96,313 crore, of which Rs. 22,671 crore came from UP.

“The facility will also offer a vibrant ecosystem for creating a maker culture among the young techno-entrepreneurs and startups while empowering them to develop innovative software products to address the challenges of India and the world at large,” the minister said.

“It will help in boosting the IT exports from the region and generating direct and indirect employment opportunities for the youth of the region,” he further added.

The Meerut center is the 54th center of STPI in Tier 2 and 3 cities under the jurisdictional directorate of STPI-Noida. Mr. Rajeev stressed the role of the vision of Digital India playing a significant role in pushing students towards innovation and entrepreneurship.

“The road to Digital India will be through Digital Uttar Pradesh,” he said.

“A Microsoft report suggests that large companies want to shift their operation from Tier-1 cities to Tier-2/3 cities for cost-effective production. STPI has embarked on dispersing IT industry to these cities and also implementing Next Generation Incubation Scheme (NGIS) to nurture tech entrepreneurs and startups in Tier-2/3 cities to develop innovative products in emerging technologies by providing seed funding,” stated Arvind Kumar, DG, STPI.

“Establishment of STPI-Meerut centre is a notable milestone towards empowering industry, startups, and entrepreneurs to leverage the facility and contribute towards the growth of this city,” emphasized Bhuvnesh Kumar, Joint Secretary, Ministry of Electronics and Information Technology (MEitY).

The center has a total built-up area of 25,074 sq. ft. It promises high-speed data communication facilities at its cutting-edge incubation facility with plug-and-play utilities spread over 3,704 sq. ft., comprising 133 seats and raw incubation space of 2,021 sq. ft.



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