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ICT

Cabinet approved National policy on Software Product

The Union Cabinet has approved the National Policy on Software Products 2019 to develop India as the global Software Product hub, driven by innovation, improved commercialization, sustainable Intellectual Property (IP), promoting technology start­ups and specialized skill sets. Policy aims to help the industry grow at CAGR of 40% to reach USD 70-80 billion by 2025, while creating employment opportunities for 3.5 million people.