National Policy on Software Products - 2019

Why is it in the news?
  • The Union Cabinet has approved the National Policy on Software Products(NPSP) 2019 to develop India as a Software Product Nation.
More in the news
    • The policy aims to adopt a shift in strategy so that IT products also contribute equitably and significantly to the industry along with IT services.
    • Initially an outlay of ₹1,500 crore is being planned for various schemes under in policy in the next seven years.
    • Further, the policy proposes to create a ₹5,000-crore fund with industry participation to promote emerging technology such as:
      (1) Internet of Things,
      (2) Artificial Intelligence,
      (3) Blockchain,
      (4) Big Data and robotics.
      • Of the ₹5,000-crore fund , government contribution will be ₹1,000 crore.
      • To achive the vision of NPSP-2019, the Policy has the following five Missions:
        (1) To promote the creation of a sustainable Indian software product industry, driven by intellectual property (IP), leading to a ten-fold increase in India share of the Global Software product market by 2025.
        (2) To nurture 10,000 technology startups in software product industry, including 1000 such technology 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.
        (4) To build a cluster-based innovation driven ecosystem by developing 20 sectoral and strategically located software product.
        (5) Mission will be set up with participation from Government, Academia and Industry.
      Source
      The Hindu, Ibef.




      Posted by Jawwad Kazi on 1st Mar 2019
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