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Cabinet approves National Policy on Software Products 2019

IANS  |  New Delhi 

The on Thursday approved the National Policy on Software Products 2019, which would help in formulating schemes, projects and measures to develop the

According to an official statement, the policy has a five dimensional 'mission', one of them being a 10-fold increase in Indian software industry's share in the global markets.

"Initially, an outlay of Rs 1,500 crore has been made to implement the programmes and schemes envisaged under this policy over seven years. The amount is divided between (SPDF) and (RIF)," the statement said.

It also aims to nurture 10,000 in the software product industry and create a talent pool.

"To evolve and monitor schemes and programmes for implementation of this policy, the will be set up with participation from the government, the academia and the industry," the statement said.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 28 2019. 23:04 IST
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