Speed Post News Network
New Delhi : In view of the challenges thrown by COVID19 outbreak and consequent lockdown, the Government on April 16, 2020, took a major decision to provide relief from payment of rental to the small IT units operating out of the Software Technology Parks of India (STPI). Most of these units are either Tech MSMEs or startups.
The Ministry of Electronics and Information Technology (MeitY) has decided to provide rental waiver to these units housed on STPI premises in the country from March 1, 2020, till June 30, 2020 i.e. for 4 months period as of now.
Software Technology Parks of India (STPI) is an autonomous society under Ministry of Electronics & Information Technology, Government of India (GoI), and it has 60 centres across the country. The initiative to provide rental waiver to the units located at these centre s will provide relief to the industry in this crisis situation.
This initiative will provide benefit to nearly 200 IT/ ITeS MSMEs, operating from these 60 STPI centres. The total cost of the rental waiver provided to these units during 4 months period from March 1, 2020, to June 30, 2020, 2020, is estimated to be around Rs 5 Crore. This effort is also in the larger interest of around 3,000 IT/ ITeS employees who are directly supported by these units, according to a PIB release.