Industry welcomes MeitY draft policy for software products

NEW DELHI: Industry has largely welcomed the Ministry of Electronics and IT’s (MeitY) draft policy for software products, which is open for consultation from the sector and other stakeholders until December 9. The policy aims to promote creation of a sustainable software product industry, which is largely being driven by the startup sector. It also aims to generate direct and in-direct employment for 3.5 million through creation of 10,000 technology startups developing products. 
“Having demonstrated the success of India’s product ability, we firmly believe, India just needs a targeted policy to succeed in product arena. Most importantly, the policy should be able to remove frictions in trade of software products in domestic market. ‘Software products’ need a recognition at par with other products or goods,” said Bharat Goenka, founder, Tally Solutions, which is one of the few established software product companies in India.