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Karnataka's thriving IT industry is mostly concentrated in and around Bangalore. Lately, other parts of Karnataka have also seen a growth in IT related activity. Some recent developments regarding the industry in Karnataka are described below.
In 1992 Bangalore was the first city in India where a satellite earth station was set up for high speed communication services to facilitate software exports.
Subsequently, in 1999 STPI established earth stations in Mysore and Manipal.
The state made a giant forward leap in the Information Technology sector when Union Minister for IT Mr. Pramod Mahajan inaugurated the country's first 'extended facility' of the international gateway and network operations center at the Software Technology Parks of India (STPI) in the Electronics City.
In August 2000, a Cyber Park - Technology Incubation Centre, another first of its kind, was set up in Bangalore to promote the growth of the IT sector.
On 19th September 2002, a software technology park, IT Park Hubli, was inaugurated at Hubli by Mr. Pramod Mahajan, Union Minister for Information Technology.
The Karnataka State Government has formulated the Information Technology Policy that gives a thrust to the Information Technology sector and encourages units to setup their operations in the state of Karnataka. Under this policy, several infrastructural facilities are proposed in Mysore, Hubli, Manipal and Mangalore apart from Bangalore to help the development of the IT industry. The facilities include providing training to engineers and others as well as providing employment opportunities.
The setting up of IT industries under this policy will help earn valuable foreign exchange through software exports. It also will help in increasing the tax base of the state.
Software Technology Parks of Karnataka
Software Technology Park of Karnataka, a registered society will implement the IT development policy across the state of Karnataka. STPs have been set up in Mysore, and Manipal, while Hubli and Mangalore have been identified for future development.
Companies registered under the Software Technology Park (STP) scheme obtain several benefits including those mentioned below:
Single window government clearance;
100% foreign equity permitted;
Complete duty free import;
Corporate income tax exempted up to 90%;
Dedicated data communication links; and
Custom bonding and export certification provided at single point.
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