Four Months Rent Waiver By Govt For It/ites Units Operating Out Of Software Tech Park

RAVI Shankar Prasad
Photo Courtesy Electronicsb2b.com

Today Ravi Shankar Union Minister of electronics and IT said , “IT Units /Start ups which were operating from 60 STPI centres across the country have been granted a four months rent waiver” .This four Months Rent Waiver By Govt from 1 March 2020 to 30 June 2020

According to an estimate the total rental waiver cost for four months period i.e. 01 march 2020 to 30 June 2020 will be of around Rupees 5 Crore .

In a tweet Ravi Shankar Prasad says “IT units/startups operating from 60 STPI Centres across India have been granted waiver from paying rental for period between01.03.2020 and 30.06.2020. This will benefit nearly 200 small and medium IT/ITeS units supporting 3000 direct jobs”.

STPI Stands for Software Technology Parks of India . It is a society established by indian ministry of electronics and information technology in 1991. Main objective of STPI is to increase the export of software from India. Other Objectives Of STPI Includes providing data communication services including various VAS (Value Added Services ) Both to IT Industries And Corporate Houses ,Promote small and medium entrepreneurs

Largest IT park is in Thiruvanathapuram Capital of Kerala which is known as Technopark . All The Major Cities of India have atleast one STPI. Major STPI Are Rajiv Gandhi Chandigarh Technology Park Chandigarh, Mihan IT Park Nagpur, Crystal IT Park Indore, Venkatadri IT Park Bangalore, Eon IT Park Pune, and DLF IT SEZ Hyderabad.

“The Initiative to provide rental waiver to the units located in these centre will provide relief to the industry in this crisis situation emerged due to COVID 19 panademic . This situation will provide benefit to nearly 200 IT/ITES MSMEs ,operating from 60 STPI centres ” in a issued statement by the Press information Bureau

It also added “This effort is also in the larger interest of around 3000 IT/ITeS Employees who are directly supported by these units

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