India Aspires to be Software Product Industry by 2025: Dr Omkar Rai

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Dr Omkar Rai

In an effort to highlight India’s stride towards growth and development leading to the country’s transformation, Elets Technomedia organised India Transformation Summit from July 10 to July 12.

Dr Omkar Rai, Director General, Software Technology Parks of India (STPI), Ministry of Electronics & Information Technology (MeitY), Government of India addressed the inaugural session giving insights on the role of STPI in India’s transformation.

Dr Rai commenced his address referring to the rise in e-governance, digital mechanisms, various development works, smart cities etc. He said, “The tremendous amount of work and efforts put into and the kind of achievement that has been achieved by the stakeholders in India is remarkable.”

Briefing about the STPI, Dr Rai said, “STPI was setup way back in 1989 by the government of India to strengthen India’s IT infrastructure and digital functioning of processes.” Further, he said, the achievements achieved by the stakeholders have been powered by the IT industry in India which clogged $191 billion revenue. And this has been instrumental in the flagship development of various platforms and smart systems like Aadhar, GSTN, UPI, Aarogya Setu, etc., he added.

Adding on the significant contribution of the IT industry, Dr Rai said, “The same industry also powered the vibrant startup ecosystem in the country amounting to $55 billion.” The IT industry that drove the growth of India in the digital phase and strengthened the technological infra in the country was actually serviced by STPI, MeitY for a long time, Dr Rai added.

Citing the example for how IT and technology came for rescue in times of COVID crisis, Dr said, “During the lockdown, we saw that when things were brought to a halt and no physical interaction was allowed, it wast technology which kickstarted work, education and various other things online.” IT and technology sector saw the least disruption due to the pandemic woes, he added.

Also Read: STPI endeavors creating environment apposite for start-ups: Dr Omkar Rai

Further, during this period the citizens showed keenness to the new normal setting up and adopted it in many domains like working from home, telemedicine, online education, etc., said Dr Rai.

Speaking on the contributions by STPI, Dr Rai said, “STPI which started supporting the government in setting up infrastructure for technology, powering digital networks and functioning, technical services have actually repositioned itself and is at the forefront of the creation of centres of excellence, essentially incubators and we ensure that we provide necessary infrastructure not only physical but also financial and other supportive infra.”

Dr Rai, said, “We have so far got approval for 12 centres for excellence in meditech, fintech, blockchain, shared vehicle, etc. We are ensuring that the young innovators if they want to come up with new technologies or ideas then they can be provided with the right platform where they can turn their dreams into reality.”

The digital processing saw a sudden rise. People also started preferring digital platforms.

Ministry of Electronics and IT realised that India can become a software product industry and for that we constituted a policy for promotion of entreprenuership, companies and individuals working on digital platforms.

Dr Rai said that the MeitY already speculated the upcoming opportunities and hence, “We came up with a policy NPSP – National Policy for Software Products in 2019 wherein India aspires to become a software product nation. And due to the policies we have, the ecosystem for IT and tech, a keen young workforce supports the NPSP which aspires to make India software product industry worth $70-80 million by 2025.”

He concluded his address on the note that due to the policy support, improved infra, growing market, better skilled and keen workforce, “India was never the way we are today”.

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