To promote the creation of a sustainable Indian software product industry, driven by intellectual property (IP), leading to aten-fold increase in share of the Global Software product market by 2025.
To nurture10,000 technology startupsin software product industry, including1000such startupsin Tier-II and Tier-III towns & cities and generating direct and in-directemployment for 3.5 million people by 2025.
To create atalent pool for software product industrythrough
Up-skilling of10 lakhIT professionals,
Motivating1 lakhschool and college students
Specialise10,000professionals that can provide leadership.
To build acluster-based innovation driven ecosystemby developing 20 sectoral and strategically located software product development clusters.
For the implementation of this policy,National Software Products Missionwill be set up with participation from Government, Academia and Industry.
· Promoting Software Products Business Ecosystem by
Creation of an Indian Software Product Registry will act as a common pool of Indian Software Products thereby providing a trusted trade environment.
Facilitatingactive participation of software companiesin Capital Market.
Creation of aSingle Window Platform.
Evolving aClassification Systemfor Indian Software Products.
Promoting Entrepreneurship & Innovation for Employment by
Initiating a programme of incubation- to provide all kinds of support so as tonurture at least 10,000 software product startups.
Initiating a Programme to supportResearch and Innovation on Software Productsin Institutes of Higher Learning and Research to bridge the existing gaps in the Industry-Academia research.
Creating a dedicatedSoftware Product Development Fund (SPDF)- it will have a corpus ofRs. 1000 crorein the form of Fund of Funds and participate in venture fund
Skilling and Human Resource Development by
Using aFutureSkills Programme- for upskilling/re-skilling of3 million IT Professionalsin emerging technologies.
o Initiating a national“Talent Accelerator”programme- to motivateschool and collegestudents.
o Creating a talent pool of10,000committed software product leaders
Improving Access to Domestic Market and Cross Border Trade Promotion by
Integrating the registry of Indian software products with Government e-market (GeM)
Encouraging Indian Product Startups/ MSMEs through hackathons.
Implementation Mechanism such as
Establish a “National Software Product Mission (NSPM)”- design appropriate strategy, recommend specific policy measures, recommend specific initiatives, monitor and collate various initiatives.
Include various MEITy’s organizations in the implementation- such as Software Technology Parks of India (STPI), National Informatics Centre (NIC) etc.