Union Cabinet has approved the National Policy on Software Products 2019. The
policy aims to Develop India as a software product nation. It also aims to align
with other Government initiatives such as Start-up India, Make in India and
Digital India, Skill India etc. so as to create Indian Software products
Industry of USD 70-80 billion by 2025.
policy proposes an outlay of Rs.1500 Crore to implement the programmes/ schemes envisaged under this policy
over the period of 7 years. The fund is divided into Software Product
Development Fund (SPDF) and Research & Innovation fund.
policy has five missions: a) promote the creation of a sustainable Indian
software product industry, driven by intellectual property (IP) which would
lead to a ten-fold increase in India share of the Global Software product
market by 2025, b) nurture technology start-ups in software product industry,
including such technology start-ups in Tier-II and Tier-III towns & cities to
generate direct and in-direct employment for 3.5 million people by 2025, c) create
a talent pool for software product industry by up skilling IT professionals,
motivating school and college students and generating specialized professionals
that can provide leadership, d) build a
cluster-based innovation driven ecosystem by developing 20 sectoral and
strategically located software product development clusters. These clusters
would have integrated ICT infrastructure, marketing, incubation, R&D/ test
beds and mentoring support, and e) set up National Software Products Mission
which would evolve and monitor scheme & programmes for the implementation
of the policy.