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The budget has turbocharged Digital India's dream through initiatives focused on emerging technologies and improved business policies, said STPI DG Arvind Kumar.

The Union Budget 2023 has been well received by the software technology industry in India. Arvind Kumar, Director General, Software Technology Parks of India (STPI), has said that the budget’s emphasis on emerging technologies and enhanced business policies will significantly boost the Digital India initiative.

According to STPI chief, India possesses vast amounts of data, and the newly announced National Data Governance policy will provide entrepreneurs and startups with access to this data, allowing them to create world-class products. He said that “the policy will play a crucial role in India’s ability to become a global technology leader.”

In addition to the data governance policy, the budget also includes the creation of three centers of excellence for artificial intelligence (AI). Kumar sees this as a catalyst for startups and entrepreneurs across India, as it will help to build a thriving AI ecosystem. He said that this will not only drive innovation in AI but also provide opportunities for entrepreneurs to develop cutting-edge solutions and create new job opportunities.

“The announcement of creating three centres of excellence will also catalyse startups and entrepreneurs across India to build the next-generation AI ecosystem,” he said.

According to Kumar, the budget’s emphasis on digital transformation and the growth of emerging technologies is expected to have a significant impact on India’s software industry. With the government’s support, entrepreneurs and startups will be able to leverage these technologies to create new products, services, and business models, leading to a more robust and dynamic economy.

Kumar said that the budget represents a major step forward for India’s technology industry and that STPI is committed to supporting the government’s vision for a digital India. He stressed that with the right policies and support, India has the potential to become a global leader in technology, and he is optimistic about the future of the industry in the country.

Union Budget 2023 has been welcomed by the software technology industry in India, with many experts seeing it as a major boost for the government’s Digital India initiative. The focus on emerging technologies, data governance, and AI centers of excellence is expected to drive innovation, create new job opportunities, and propel India’s software industry to new heights.

Press Release

SFGC program: STPI, MeitY award Rs. 20 Lakh grant to 4 startups for creating solutions in growth of sugarcane harvest

• Aligning with MeitY and STPI’s vision for promoting innovation beyond tier I cities, two of the four selected startups belong to the Tier II/III cities of India

New Delhi, February 1, 2023: Software Technology Parks of India (STPI), an autonomous Society of Ministry of Electronics & IT (MeitY), Government of India (GoI), has awarded the 4 winning startups with Product Development Grants of Rs. 20 Lakhs each for qualifying the second stage of the Smart Farm Grant Challenge (SFGC) Program.

The award ceremony was held at Electronics Niketan, Ministry of Electronics and IT (MeitY) in New Delhi and saw the presence of Sh. Alkesh Kumar Sharma, Secretary, MeitY, GoI; Sh. Bhuvnesh Kumar, Additional Secretary, MeitY, GoI; Sh. Akash Tripathi, Joint Secretary, MeitY, GoI and Sh. Arvind Kumar, Director General, STPI.
Shri Roshan Lal Tamak, Executive Director of DCM Sriram, and other senior representatives from Ministry, STPI & Industry also attended the event.
SFGC was initiated with the goal of creating cutting-edge approaches for sugarcane harvesting and received an impressive response in the form of 474 submissions. The challenge aimed to predict the optimum time for harvest, estimate sugar content, identify mature plots, and provide insights in an easily interpretable format.

An expert Jury had pre-screened 108 applications and shortlisted 25 start-ups for pitch presentation. Subsequently, 10 start-ups were recommended for a prototype grant of Rs. 5 Lakh each in September 2022. After 3 months of rapid development and validation, the top 4 start-ups have been selected by the Jury for product development grant of Rs. 20 Lakhs each.
“When it comes to agriculture, a farmer is the most difficult entity. They live with the uncertainty of the weather. With the products of these startups, we are hoping that it will increase the efficacy of the produce and ensure that the right kind of moisture is present in the soil. It's a matter of great pride that now academia is participating in creating a whole new ecosystem of end-to-end solutions,” said Sh. Alkesh Kumar Sharma, Secretary, MeitY, GoI.

“The challenge aims to provide a digital solution for optimum sugarcane harvest. The SFGC program was launched on May 9, 2022. The first stage was the ideation stage and in it, we distributed ₹5 lakhs each to 10 shortlisted startups so that they can develop products for optimum sugarcane harvest. Out of them, 4 were shortlisted today by jury and were given ₹20 lakhs each in the second stage of product development grant ceremony,” said Sh, Arvind Kumar, DG, STPI.
Sh. Bhuvnesh Kumar, Additional Secretary, MeitY, GoI, said, “The growth in the agriculture sector has been tremendous and with the advent of technology, many new innovations have come up. Through this challenge, we are scouting many such technological interventions  so that we can attain good recovery for the sugarcane crop and the sugar which is produced from the sugarcane turns out to be optimum.”

“After the Green Revolution, agricultural production has certainly ramped up in India, but now it has reached a plateau. So, now we need some new initiatives and new technological interventions so that we can grow our current production. So, this particular grant challenge will ramp up our sugarcane production. Sugarcane is a water-intensive crop, so the right use of water could be another strong statement for us in the sector," said Shri Akash Tripathi, Joint Secretary, MeitY, GoI. 

Amongst the 4 winners -- AGAutomate Private Limited, GB Pant University of Agriculture & University, AGMitra Technologies Private Limited and Satyukt Analytics Private Limited -- each will develop product over next 6 months and eventually one of them will be declared final winner. The final winner will receive INR 50 Lakh in the first year and INR 10 lakhs per year for the next two years towards the operation and maintenance of the solution.

The winning solution will be deployed in a 100-acre plot area for use by the Government of India, state government entities, and sugar mills for a period of three years. The winner startup will provide dissemination advisory to farmers for the next two years.
With programs like SFGC, MeitY and STPI are charting a new course for innovation and entrepreneurship in the country which does not limit itself to Tier-I / Metro locations. Today’s felicitation is a testimony to that fact given that two of the four selected teams come from Tier II/III cities.

About SFGC:

SFGC is a futuristic initiative aimed at transforming the agriculture industry in India and enhancing farmers' livelihoods. With technology intervention at the forefront, the solutions developed through the SFGC challenge program will provide farmers with cutting-edge technologies and data-driven insights to optimize their operations and boost harvest yields.

It is important to set up data centres near the customers because latency is a key factor, says Arvind Kumar

The Software Technology Parks of India (STPI) hopes to provide seed capital to 300 start-ups by 2024.

A scheme was announced by the Union ministry of electronics and IT in 2020 where the government had budgeted Rs 95.03 crore to fund start-ups across several sectors.

“Till now we have supported around 65 start-ups and by March 2024, we will be able to support all 300. Initially, the process was a little slow. But there has been a lot of learning and I think we will be able to deliver the target,” said Arvind Kumar, director-general, STPI, on the sidelines of the ABP group’s flagship event Infocom.

Kumar said that STPI is now focussing on facilitating the creation of software products and has set up 21 domain-specific centres of entrepreneurship across the country and more locations are being explored. It is also looking to set up edge data centre infrastructure and has identified 12 locations.

“It is important to set up data centres near the customers because latency is a key factor,” Kumar said.

The value of IT exports from STPI centres was around Rs 6 lakh crore in the 2021-22 financial year and despite geo-political concerns, Kumar said that a 10 per cent growth could be achieved in the current year.

Software Technology Parks of India (STPI) Kolkata presented STPI Export Awards 2021-22 to IT/ITeS STP units of Bengal on Thursday. The award ceremony was organized during the Infocom 2022 event.

Kolkata, Dec 2 ( PTI) Despite geopolitical tension across the globe, Software Technology Parks of India is expecting a 10-12 per cent growth of IT exports from its existing 63 centres in the country this fiscal, STPI Director General said.

The value of IT exports from STPI centres was Rs 6.28 lakh crore in the 2021-22 financial year.

“This year, we are expecting around 10-12 per cent growth of exports from STPI units,” STPI Director General Arvind Kumar told PTI in an interview on the sidelines of Infocom 2022 here on Thursday.

The organisation, under the Union Ministry of Electronics and Information Technology, is supporting IT companies and startups by providing space and plug-and-play infrastructure across the country, and is in the process of adding 12 more centres, mostly in tier II and III cities.

“In addition to 63 existing centres, we are setting up 12 more facilities. Infrastructure work is going on, and all these units are expected to be ready by the end of the next financial year,” Kumar said.

Asked about whether global geo-political tension would affect the prospect of IT export, he said “I do not see any major hurdle coming from Ukraine-Russia war on our IT exports. India is among the most trusted sources in terms of IT and IT-enabled services. During Covid period, the software export growth was more than 20 per cent.” Of the 12 STPI centres that are under different stages of construction, five are expected to be complemented by March 2023 and five more by December (2023) and two by March 2024, he said.

Asserting that STPI is committed to strengthen ecosystem of IT and IT-enabled services in towns, Kumar said 55 of the 63 existing centres are in the tier II and III cities in the country, and 11 of the 12 upcoming facilities will be in these small cities.

The space in STPI centres varies from 25,000 sqft to 1.25 lakh sq ft, and “on an average, we invest around Rs 20 crore for small facilities, and for bigger ones, the investment as running expenditure could be more than Rs 100 crore,” he said.

“As of now, we have six lakh sqft of space in STPI centres. This year, we are pumping in more than Rs 100 crore for infrastructure. Next year, it may be Rs 120 crore,” he said.

STPI is now focusing on centres of entrepreneurship (CoE), Kumar said, adding that the authorities concerned have set up 21 such facilities across India and are planning to add four by December 2023.

“These CoEs are the domain-specific units and have lab equipment required for startups working in a particular industry. For example, we have CoE in Pune, which is on automobile sector. Similarly, in Lucknow, the facility is on medical electronics. The objective of these centres is to promote entrepreneurship and development of software products,” he said.

Of these 21 CoEs, seven are in northeast region of the country and each state of the NE region has one STPI facility.

Kumar said STPI is also creating market access opportunities for those startups which are incubated in its centres.

“We have taken around 60 startups to Bangalore tech summit. We are going to select 40 startups through various events, and will take them to the US so that they can showcase their products and get access to the market and required funds for further development and expansion,” Kumar said.

STPI has been providing seed funding up to Rs 25 lakh as part of handholding exercise for startups, he said.

“We have set a target to provide such funding to 300 startups by December 2023 and have funded 65 already.” Kumar added. PTI BDC RG