New Delhi, Feb 5 (PTI): About 30 software product firms, who are also members of software body Nasscom, have formed a policy think tank 'iSpirit' to share expertise and further develop the software products industry in the country.

The focus of iSpirit is to create a policy think tank on software products and is not an industry association, Nasscom said, adding that the reports about break-away are "factually incorrect".

There were speculations that the group was formed after 30 member companies split from the industry body, as they felt Nasscom was not effectively reflecting their interests.

"There is no breakaway group and no company is leaving Nasscom. Of these 30 companies, two are on our Executive Council and 17 are our active members. In fact, they have just renewed their membership," Nasscom President Som Mittal told PTI.

They have written to Nasscom for support and partnership, he added.

Nasscom has over 1,400 members, which includes software product companies.

More than 300 software product companies are members of Nasscom and another 100 new companies joined Nasscom in this fiscal year, he said.

"Nasscom has a defined focus and initiative for the software product sector and we will continue to grow and contribute to build this sector," Mittal added.

He added that of the 30 companies mentioned, most of them are Nasscom members and are actively engaged in different initiatives.