With an aim to position India as a hub for Development of Software Products and create job opportunities, MeitY launches the National Policy on Software Products, 2019

With an aim to position India as a hub for Development of Software Products and create job opportunities, MeitY launches the National Policy on Software Products, 2019

March 12, 2019 IT and ITeS, OPS, states 0

The Ministry of Electronics and Information Technology (“MeitY”) has recently launched a National Policy on Software Products, 2019 (“NPSP”) with a view to develop India as the global software product hub, driven by innovation, improved commercialisation, sustainable Intellectual property (IP), promoting technology start-ups and specialised skill sets, for development of the sector, based on Information and Communication Technology (ICT).

Objective of the Policy

  • To develop India as a Software Product Nation and a global leader in conception, design, development and production of intellectual capital driven Software Products, thus, accelerating growth of entire spectrum of IT Industry of the country.
  • To design appropriate strategy for development of the software product industry to ensure optimum utilization of its potential and to establish India as a global Software Product Hub.
  • To implement specific policy measures to ensure an enabling ecosystem for design, development, innovation, value addition, based on use of ICT.
  • To take specific initiatives to be undertaken to tap the full potential of the domestic and the international markets for the Software product industry.
  • Monitor and collate various initiatives taken under this policy with an aim to create 3.5 million employment opportunities and boost software products revenue tenfold by 2025.
  • Facilitate various Government agencies and other bodies in promotion of Software Products, specific to the various programmes envisaged under this policy.
  • Encourage States to participate in programmes and promote Indian Software Products in line with this policy.

The Policy aims at adopting the following strategies to achieve its goals

  • Promoting Software Products Business Ecosystem
  • Promoting Entrepreneurship & Innovation for Employment
  • Skilling and Human Resource Development
  • Improving Access to Domestic Market and Cross Border Trade Promotion

Source: Ministry of Electronics and Information Technology

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