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.
Missions – The FIVE Missions are:
- 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.
- 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.
- To create a talent pool for software product industry through
- up-skilling of 1,000,000 IT professionals,
- motivating 100,000 school and college students and
- specialise 10,000 professionals that can provide leadership.
- To build a cluster-based innovation driven ecosystem by developing 20 sectoral and strategically located software product development clusters having integrated ICT infrastructure, marketing, incubation, R&D/test beds and mentoring support.
- In order to evolve and monitor schemes & programmes for the implementation of this policy, National Software Products Mission will be set up with participation from Government, Academia and Industry.
About India’s IT industry
The Information Technology and Information Technology Enabled Services (IT-ITES) industry of the country is a critical pillar in India’s economic growth. The industry has potential to be a driving force for enabling India to develop capabilities for harnessing new technologies cutting across all the sectors, namely, agriculture, health, education, manufacturing etc, thereby creating significant employment and entrepreneurial opportunities.
According to NASSCOM the sector at present is generating an estimated revenue of around USD 168 billion, including export of USD 126 billion on an annual basis, which is around 8% contribution to India’s GDP. The industry is also one of the largest organised sector employers, generating nearly 14 million direct and indirect jobs. It is further estimated that the industry can contribute up to 350 billion USD accounting to ~10 percent of India’s GDP by 2025.
The India’s IT industry is predominantly a service led industry. There is tremendous scope for Indian Software Products to build upon the strength of Indian IT industry, and the innovative & technological capabilities in the country.
As per NASSCOM Strategic Review 2017, the Global Software Product Industry is estimated to be USD 413 billion. However, the contribution of Software Products in Indian IT-ITES revenue is just USD 7.1 billion out of which 2.3 billion USD are exports. On the other hand import of Software Products is estimated to be nearly 10 billion USD, so as such India is a net importer of software products at present. Therefore, it is prudent to develop a conducive Software product ecosystem to transform a predominantly service oriented Indian IT/ITeS industry into a technology oriented products industry.
Challenges before it
- Absence of practical knowledge among fresh graduates. There is huge deficit among skills demand and supply of the software engineers.
- Less Research and Development – lack of innovation in software products.
- Rising salaries in IT sector in India may lead to diminishing cost competitiveness of Indian software industries.
- Rise of Taiwan and Phillipines who are developing products in English now and eating markets from India.
- Issues of Intellectual Property Rights in software products, which mostly lies with western nations.
Focus of Software Startups which can become hub for innovation and skill development and training for freshers.
National Intellectual Property Rights Policy focuses on Indian IPR generation and Patent Rights. This is a step in right direction.
Making policies which will provide profitable business model for Indian software industries to grow and prosper in India.