Home ODISHA LATEST MoU signed for STPI centre in Balasore

MoU signed for STPI centre in Balasore


OST Bureau

Bhubaneswar, Oct 25:

The state government today signed a memorandum of understanding (MoU) with Software Technology Parks of India (STPI) for setting up a STPI complex at Baleswar, the economic hub of north Odisha, to promote software exports in the state.


The Baleswar STPI centre will be the fourth such centre in the state after Bhubaneswar, Rourkela and Berhampur.

The MoU was signed by Omkar Rai, Director General of STPI and IT secretary Madhusudan Padhi in the presence of chief minister Naveen Patnaik here.

“The establishment of this centre is another step forward to facilitate and support the dynamic entrepreneurs of the north Odisha to explore global opportunities in IT and IT enabled services,” said the chief minister.

Informing that the IT export from the state was Rs 2,000 crore during the year of 2012-13, Patnaik said the growth rate of IT exports from the state is more than the national average for the sector.

The state government will provide 10,000 square feet of built up space, three acres of land and Rs 1 crore as grant in aid as state’s contribution.

The state government has already allocated a sum of Rs 3 crore (Rs 1 crore as state’s contribution and Rs 2 crore for additional infrastructure) in the state’s annual budget for 2012-13.

Three acres of land was earmarked in Bampada industrial area in Balasore for the new STPI centre. The Union government, in 2010, had decided to set up a STPI centre at Balasore. It had then written to the state government to provide the required facilities.