National Policy on Software Product 2019

National Policy on Software Product 2019

  • National Policy on Software Product 2019 is a basic roadmap for formulation of initiatives, schemes and other measures for the development of software products sector in India

 

Funding

  • It involves an initial outlay of Rs.1500 crore for various schemes till 2025.
  • Software Product Development Fund: of Rs 5000 crore with contribution from private sector to promote emerging technologies such as Internet of Things, Artificial Intelligence, Blockchain, Big Data and robotics.
  • Research & Innovation fund

 

Five Main Missions

  • Increase share in global software products market
    • Create Indian Software products Industry of $ 70-80 billion at a Compounded Annual Growth Rate of 40% by 2025.
    • Increase India’s share in global software product market by ten times.
  • Develop Software Product Eco-system
    • Nurturing of 10,000 technology start-ups in software product industry, including 1,000 in tier-II and tier-III towns.
    • Cluster-based innovation driven ecosystem by developing 20 sectoral and strategically located software product development clusters
  • Employment Generation
    • It aims create direct & indirect employment for 3.5 million people by 2025.
  • Talent Pool Creation
    • Skilling of 10 lakh IT professionals.
    • Developing 10,000 leadership professionals.
  • National Software Products Mission
    • Aimed at monitoring and evaluating scheme & programmes with participation from Government, Academia and Industry.

 

Impact

  • Boost export income
  • Create employment and entrepreneurial opportunities
  • Leverage opportunities available under the Digital India Programme leading inclusive and sustainable growth.
Section : Science & Tech

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