It will be released by the Prime Minister on January three at the inauguration session of the centenary edition of the Indian Science Congress in Kolkata.
"The proposed STI policy seeks to focus on both STI for people and people for STI," officials said.
The document is a revision of the 2003 policy which sought to bring science and technology together and emphasised on the need for higher investment into Research and Development (R&D) to address national problems.
"The (STI) policy also seeks to trigger an ecosystem for innovative abilities to flourish by leveraging partnerships among diverse stakeholders and by encouraging and facilitating enterprises to invest in innovations," the officials said.
The policy also aims at positioning India among the top five global scientific powers by 2020.
The officials said the aim of the policy is to accelerate the pace of discovery, diffusion and delivery of science-led solutions for serving the aspirational goals of India for faster, sustainable and inclusive growth.
The key features of the STI Policy, 2013 include making careers in science, research and innovation attractive and establishing world-class infrastructure for R&D for gaining global leadership in some select frontier areas of science.