The S.T.P.I performs all functions necessary to fulfill its objectives and include the following:-
(1) To establish Software Technology Parks / centers at various locations in the country;
(a) to perform all functions in the capacity of the successor to the erstwhile Software Technology Park Complex which were taken over by the S.T.P.I
(b) to establish and manage the infrastructural resources such as integrated infrastructure including International communication / Data center / Incubating facilities etc. for 100% export oriented units and to render similar services to the users other than exporters.
(c) to undertake other export promotional activities such as technology assessments, market analysis, market segmentation as also to organize workshops/exhibitions/seminars/conferences etc.
(d) to facilitate specialized training in the niche areas to meet the above objectives.
(e) to work closely with respective State Government and act as an interface between Industry and Government.
(f) to promote secondary and tertiary locations by establishing S.T.P.I presence to promote S.T.P/E.H.T.P Scheme, and promotional schemes announced by Government.
(g) to promote entrepreneurship through incubation programmes / seed funds / IP development and other awareness programmes.
(h) to assist State Governments in formulating I.T policies and liaison for promoting the I.T industries in respective states to achieve an exponential growth of exports.
(i) to promote quality and security standards in the I.T industries.
(j) to work jointly with venture capitalists for providing financial assistance to the I.T industries.
(k) to provide Project Management and Consultancy services both at national and international level in the areas of expertise of S.T.P.I.
(2) To perform financial management functions which comprise of the following activities;
(a) to obtain or accept grants, subscription, donations, gifts, bequests from Government, Corporations, Trusts, Organizations or any person for fulfilling the objectives of the S.T.P.I.
Note: Whenever any gifts, bequests from foreign Governments/ organizations are accepted / obtained they shall be routed through Government and be regulated by such directions as may be issued by Government.
(b) to maintain a fund to which shall be credited :
- all money provided by the Central Government, State Governments, Corporations, Universities etc.,
- all fees and other charges received by the S.T.P.I,
- all money received by the S.T.P.I by way of grants, gifts,donations, benefactions, bequests or transfers; and
- all money received by the S.T.P.I in any other manner or from any other source.
(c) to deposit all money credited to the Fund in Scheduled Banks / Nationalized Banks or to invest in such a manner for the benefit of the S.T.P.I as may be prescribed. At least 60% of the funds shall be placed with the Public Sector Banks or in such a manner as may be prescribed by the Government from time to time.
(d) to draw, make, accept, endorse and discount cheques, notes or other negotiable instruments and for this purpose, to sign, execute and deliver such assurance and deeds as may be necessary for the purposes of the S.T.P.I.
(e) to pay out of the funds maintained by S.T.P.I or part thereof, the expenses incurred by the S.T.P.I from time to time including all expenses incidental to the formation and reorganization of the STPI and management and administration of any of the foregoing activities including all rents, rates, taxes, outgoings and the salaries of the employees.
(f) to acquire, hold and dispose of the property in any manner whatsoever for the purposes of the S.T.P.I, with the prior approval of Governing Council as per the procedure laid down by Government.
(3) to do all such acts and things as may be required in order to fulfill the objectives of the S.T.P.I.