Technology parks in a developing country: the case of India

Following the economic liberalization of 1991, the government of India established the software technology parks of India (STPI) scheme and opened numerous software parks around the country. These parks have played a critical role in the growth of India's software sector. In recent years, private software parks have also been established in different parts of India. The government of India is now promoting biotechnology (biotech) parks to encourage growth of this emerging sector. The biotech parks are still in their infancy with a few operating parks. There are several upcoming biotech parks in different Indian states with support from the respective state governments. The government of India continues to play an important role in establishing technology parks. Biotech-Information Technology (Bio-IT) park is the next type of park that the government is planning to promote. This article discusses the institutional history of these technology parks in India.