Technology Policy Perspective

Clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, and associated institutions in a particular field that are present in a nation or region. Cluster growth initiatives are an important new direction in economic policy. Almost every country, in the world, has pursued policies for the development of Information and Communication Technology (ICT). Software Technology Parks of India (STPI) established in 1991, have certainly promoted cluster growth of high-tech software companies, played seminal role and enabled India to become "IT Superpower." Today, these parks across over the country are synonymous with excellent Infrastructure and Statutory support aimed at furthering growth of Information Technology. The chapter aims to do a critical review of software parks, and the focus is to understand the importance of technology policy perspective - how it can be developed, enhanced through right inputs, and adaptation. It raises a number of questions: What is a right perspective and how should it be developed? What role can input and adaptation play? How should resources and capabilities be configured to develop the right cluster growth? This is to provide the reader with a suitable analysis platform for decision-making that enhances all phases of making effective technology policy so as to ensure growth and success for clusters through optimization of knowledge management process.