NATIONAL POLICY ON SOFTWARE PRODUCTS - 2019

About: 

• Background: The Indian IT Industry has predominantly been a service Industry. However, a need has been felt to move up the value chain through technology-oriented products and services. 
  
  
• Objective: In this background, the new policy has been unveiled to develop India as the global software product hub, driven by innovation, improved commercialisation, sustainable Intellectual Property (IP), promoting technology start­ups and specialized skill sets. 
  
  
• Expenditure involved: 
  • Initially, an outlay of Rs.1500 Crore is involved to implement the programmes/ schemes envisaged under this policy over the period of 7 years. 
    
    
  • 1500 Crore is divided into Software Product Development Fund (SPDF) and Research & Innovation fund. 
    
    
  
  
  
• Strategy/Targets: To achieve the vision, the Policy has the following five Missions – 
  1. To ensure a ten-fold increase in India share of the Global Software product market by 2025. 
     
     
  2. To nurture 10,000 technology start-ups in software product industry (including 1000 such technology start-ups in Tier-II and Tier-III towns & cities) and generating direct and in-direct employment for 3.5 million people by 2025. 
     
     
  3. To create a talent pool for software product industry through (i) up-skilling of 1,000,000 IT professionals, (ii) motivating 100,000 school and college students and (iii) generating 10,000 specialized professionals that can provide leadership. 
     
     
  4. 20 software product development clusters will be developed having integrated ICT infrastructure, marketing, incubation, R&D/testbeds and mentoring support. 
     
     
  5. To monitor scheme the implementation of this policy, National Software Products Mission will be set up with participation from Government, Academia and Industry.