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Software companies join hands to form new 'think tank'

Bs Reporter  |  Bangalore 

In what could give a boost to the fledging in India, a few veterans, investors and software product have joined hands to form a think tank.

The group, to be known as Indian Software Product Round Table, or iSpirt, will take steps to expand the software product development ecosystem in India and work closely with trade bodies, including Nasscom, in providing policy prescriptions.

has around 30 product start-up and individuals, including product forum chair and former Yahoo! India research and development head Sharad Sharma, Tally Solutions' co-founder and managing director Bharat Goenka and InMobi's co-founder and chief executive Naveen Tewari, as its members.

“In India, there are not many think tanks. Through this initiative, we are trying to help and create an ecosystem working with product companies," said Sharad Sharma, one of the founding members of

He said around a dozen of the founding members of were members of and they would continue to be associated with the body. “The new initiative is not for competing with Nasscom; this will be complimentary to what is doing,” Sharma added.

iSpirit will be supported primarily by grants and contributions from its member Earlier, there were media reports that the group had split from and was forming a separate association for the software product In a statement issued on Monday, said the reports were factually incorrect.

"is a member-led association and has over 1,400 members, including over 300 software product has a defined focus and initiative for the software product sector, and will continue to grow and contribute to build this sector," the statement said.

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