What are software technology parks? State any two points of significance of Information Technology (IT) Industry in India.
Software technology parks are a cluster of software export units, in which software technology companies develop and export computer software and other professional services.
In India, software technology parks are managed by the Software Technology Parks of India, a government agency.
Two points of significance of IT industry are
(i) Creation of a large number of jobs with more than 30% for women.
(ii) Large contribution to the exports of India, bringing in valuable foreign exchange.