'STPI efforts paid off': IT exports zoom to Rs 4.21 trn in 2019-20

STPI Director General Omkar Rai said that it is setting up more than 21 domain-centric Centres of Excellence in a collaborative manner across India

Determined efforts of the Software Technology Parks of India (STPI) in promoting the IT industry has boosted exports from STP-registered units to Rs 4.21 trillion in 2019-20, according to STPI Director General Omkar Rai.

STPI, an autonomous society under the Ministry of Electronics and Information Technology (MeitY), commemorated its 29th Foundation Day on June 5.

"The exports clocked by STP-registered units stands at Rs 4,21,103 crore during 2019-20 from Rs 52 crore in 1992-93. In last 3 decades, the determined efforts of STPI in promoting IT industry and boosting software exports essentially reflect STPI's commitment towards economic progress of the