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DAILY NEWS ANALYSIS

  • 23 September, 2021

  • 12 Min Read

National Software Products Policy

  • Missions of the Policy

    1. To promote the creation of a sustainable Indian software product industry, driven by intellectual property (IP), leading to a ten-fold increase in share of the Global Software product market by 2025.
    2. To nurture 10,000 technology startups in software product industry, including 1000 such startups 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
      • Up-skilling of 10 lakh IT professionals,
      • Motivating 1 lakh school and college students
      • Specialise 10,000 professionals that can provide leadership.
    4. To build a cluster-based innovation driven ecosystem by developing 20 sectoral and strategically located software product development clusters.
    5. For the implementation of this policy, National Software Products Mission will be set up with participation from Government, Academia and Industry.
  • · Promoting Software Products Business Ecosystem by
    1. Creation of an Indian Software Product Registry will act as a common pool of Indian Software Products thereby providing a trusted trade environment.
    2. Facilitating active participation of software companies in Capital Market.
    3. Creation of a Single Window Platform.
    4. Evolving a Classification System for Indian Software Products.
  • Promoting Entrepreneurship & Innovation for Employment by
    1. Initiating a programme of incubation- to provide all kinds of support so as to nurture at least 10,000 software product startups.
    2. Initiating a Programme to support Research and Innovation on Software Products in Institutes of Higher Learning and Research to bridge the existing gaps in the Industry-Academia research.
    3. Creating a dedicated Software Product Development Fund (SPDF)- it will have a corpus of Rs. 1000 crore in the form of Fund of Funds and participate in venture fund
  • Skilling and Human Resource Development by
    1. Using a FutureSkills Programme- for upskilling/re-skilling of 3 million IT Professionals in emerging technologies.
    2. o Initiating a national “Talent Accelerator” programme- to motivate school and college students.
    3. o Creating a talent pool of 10,000 committed software product leaders
  • Improving Access to Domestic Market and Cross Border Trade Promotion by
    1. Integrating the registry of Indian software products with Government e-market (GeM)
    2. Encouraging Indian Product Startups/ MSMEs through hackathons.
  • Implementation Mechanism such as
    1. Establish a “National Software Product Mission (NSPM)”- design appropriate strategy, recommend specific policy measures, recommend specific initiatives, monitor and collate various initiatives.
    2. Include various MEITy’s organizations in the implementation- such as Software Technology Parks of India (STPI), National Informatics Centre (NIC) etc.

Source: Aspire IAS Sanjeevani Notes


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