VARINDIA IT MAGAZINE

India Electronics and Semiconductor Association (IESA) have signed a memorandum of understanding (MoU) with STPI and IIIT-Bhubaneswar to establish the second ESDM Incubator in Bhubaneswar. Building on the success of the Electropreneur Park Delhi, this incubator will be housed at STPI Bhubaneswar to nurture start-ups and help them scale up by providing access to funds, market and mentors. The first Electropreneur Park housed at Delhi University has been operational for more than two years and has successfully incubated 22 companies with a combined market valuation of Rs.150 crore. The roadblocks to transform a product idea in electronics into a successful business are different from other segments. While cutting-edge technology is not readily available, the problem is compounded by lack of easy access to required tools, equipment for designing, testing, certifying and perfecting the product. This complexity adds to the cost of incorporation and product development of the start-up,...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   VARINDIA  for the fourth consecutive year successfully concluded its Eastern India Information Technology Fair (EIITF) in the City of Joy, Kolkata. The topic for this year’s event was “ICT Confluence: Governments Plan for e-Governance”. This event is an umbrella under which CEOs, CXOs from vendors, VARs, distributors and system integrators from the ICT sector come together to learn through knowledge sharing by way of white paper presentation, AV showcasing and participating in the interactive sessions about the latest trends that shape the IT industry. Unveiling several initiatives, speakers from various verticals of government, PSUs, industry bodies and industrialists also participated in the function. The event was attended by over 200 senior officials from the IT Department, WEBEL, WTL and STPI, to name a few.  The Chief Guest of the event was  Shri Prabir Kumar Das, Managing Director, WEBEL . Other guests ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   With the economic uncertainties looming large, STPI (Software Technology Parks of India) scheme, which is a 100 per cent Export Oriented Unit scheme with tax benefits under the Income Tax Act and with facilities such as single-window clearance, has once again come to the forefront of conscious attention.  Some state governments including West Bengal are pitching for the revival of the STPI scheme which ended March 2011. IT firms were offered Income Tax as well as local tax exemption for setting up units under the STPI scheme.Established in 1991 and registered as an Autonomous Society under the Department of Information Technology, Ministry of Communications and Information Technology STPI has commendable job in increasing exports, employment and investment for the software sector.  STPI was set-up to implement the STP Scheme and to promote software exports by providing infrastructure facilities including High Speed Data Commu...