June 5th, 2008 at 12:13pm
The phenomenon of software Technology Park has made revelation in the field of IT and Indian economy has highly benefited by them. The young Indian work forces for IT and IT enabled services (ITes) are an asset for the development of the nation. However, to accelerate the economic growth of the whole nation, more small cities in India need to come to the core and important infrastructure like software technology parks need to be developed to provide more opportunities for the educated youths from non-metro cities. The software technology parks are suitable place for establishing small and medium enterprises and investors too get more benefit form these types of infrastructure projects.
The STP is an autonomous body in India and governed by the department of Information technology. Indian software industry needs a proper infrastructure and other facilities to run their business successfully. The technology parks provide that infrastructures and facilities like 24 hr electricity and high speed data communication services to run a business without any difficulties.
So these facilities are just like value added services for corporate houses who want to set up their new offices in various locations. They can easily provide their services for project management and consultancy services. IT based industrial real estate companies are getting many benefits from the STP phenomenon. Any business building located in a software technology park area is a best place for small and medium enterprises. They need comparatively less investment to develop their own infrastructures and a new entrepreneur can easily setup his new office in adjoining area. An office located in an STP area gets more value added services then an office located in any other commercial area. The land for this industry located in any STP is also not too costly in India. Only thing we need - the availability of high quality manpower for the industry. Other infrastructural facilities such as Broadband, VoIP and Electricity make any business center located more resourceful than others. The young energetic entrepreneurs who want their start-ups based on technology like those facilities to start their company in a technology park area. The software technology parks are helpful to fulfill their requirements. On the other hand it is easier to get permission by real estate developers to get the permission to develop office buildings. The state governments allow real estate developers to help those small IT industry owners regarding office buildup and high scale growth with the help of economic investment in the real estate. The governments also arrange high quality security arrangements for those companies. This also reduces the costing of the office security system.