The two major export promotion schemes launched under the Ministry of Electronics and
Information Technology are: 1) Software Technology Parks (STPs): STP of India was set up as an
autonomous body in 1991. Some of the benefits offered are: a) Customs duty exemption b)
Accelerated depreciation c) 100% FDI permitted through automatic route. 2) Special Economic
Zone (SEZ): They were set up with an objective of providing an international competitiveness. Some
of the benefits are: a) 100% income tax exemption on export income b) Duty free import. Please
note that SEZ are for multiple sectors and these benefits extend to sectors other than IT BPM
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