Bengaluru, Aug 21 (PTI) The Software Technology Parks of India (STPI) is in the process of opening 28 centres of excellence (CoE) in emerging technologies at an investment of over Rs 400 crore ( US$ 56 million), its director-general Omkar Rai said on Wednesday. Five CoEs are already functioning and all 28 of them would be operational in two years, he said in an address to the 15th India Innovation Summit 2019 organised here by the Confederation of Indian Industry, according to a CII release. Emerging technologies such as Artificial Intelligence (AI), Internet of Things (IOT), medical electronics, IOT in agriculture and automotive electronics would be the focus of the CoEs, the release quoted him as saying. He said India's IT services industry currently stands at US $177 billion with exports amounting to US $136 billion. "It is the intention of the government of India to transform the country from an IT services industry to a product nation," Rai said.