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About Software Solutions Sub-Sector

Software Solutions Soaring: Unlocking India's Investment Potential.
India's software industry is on a trajectory towards remarkable growth, with the potential to achieve a value of USD 1 trillion and generate nearly half a million new jobs by 2030. The Digital India initiative has ushered in a digital revolution, with Artificial Intelligence and the Internet of Things at the forefront of this transformation. The Indian IoT market surged to USD 1.0 billion in 2022 and is projected to reach USD 2.2 billion by 2028, with an impressive CAGR of 14.23% from 2023 to 2028. The government's introduction of the National Policy on Software Products-2019 aims to position India as a global software product hub. This policy seeks to foster a robust Indian Software Product development ecosystem, potentially increasing India's share of the Global Software product market tenfold. Explore the abundant investment opportunities in India's software solutions landscape.

Software Solutions Snapshot

  • 143 Opportunities
  • USD 1.9 bn Worth

Mode of Implementation

  • 48 EPC
  • 21 PPP
  • 16 To Be Finalized
  • 0 Pure Private
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Policies
  • National Policy on Software Products 2019

    To promote the creation of a sustainable Indian software product industry, driven by intellectual property (IP), leading to a ten-fold increase in share of the Global Software product market by 2025

  • Special Economic Zones (SEZs) Policy

    An Act to provide for the establishment, development and management of the Special Economic Zones for the promotion of exports and for matters connected therewith or incidental thereto.

  • National Digital Communications Policy - 2018

    To create robust digital communications infrastructure.

  • Software Technology Parks (STP) Scheme

    The STP scheme is for providing facilities to IT industry for undertaking software development and IT enabled services for 100% exports using data communication links in the form of physical exports including export of professional services.

  • National e-Governance Plan (NeGP)

    E-Governance in India has steadily evolved from computerization of Government Departments to initiatives that encapsulate the finer points of Governance such as citizen centricity, service orientation and transparency.

  • National Cyber Security Policy 2013

    To protect information and information infrastructure in cyberspace, build capabilities to prevent and respond to cyber threats, reduce vulnerabilities and minimize damage from cyber incidents through a combination of institutional structures, people, processes, technology and cooperation.

  • Relaxation of FDI Norms

    The volumes and potential growth of India's mobile market makes it an important investment destination world over.

  • Policy framework for satellite communication in India

    To develop a healthy and thriving communications satellite and ground equipment industry

  • Spectrum Reforms

    Achievement report for Telecomm Sector

  • Fiscal incentives for setting up of Community Radio Stations

    Ministry of Information and Broadcasting to provide 90% subsidy for NE States and 75% subsidy for other States for setting up Community radio stations.

  • Digital India India Programme

    The mobile sector plays a key role in meeting the goals of Digital India specifically in the areas of digital payments, BharatNet, eKranti & data analytics for social change. It aims to empower 1 bn subscribers by providing internet access to all.

  • BharatNet

    For the deeper digital penetration in rural areas, the Government has taken up BharatNet project with the mission to link each of the 250,000 Gram Panchayats of India through broadband optical fibre network.On its completion, BharatNet would facilitate broadband connectivity (with a 100 Mbps of bandwidth) for over 600 mn rural citizens of the country.

  • National Policy on Information Technology 2012

    To strengthen and enhance India?s position as the Global IT hub and to use IT and cyber space as an engine for rapid inclusive and substantial growth in the national economy.