diff --git a/python/NOTICE.txt b/python/NOTICE.txt
new file mode 100644
index 0000000000000..01c6f3fc0101d
--- /dev/null
+++ b/python/NOTICE.txt
@@ -0,0 +1,22 @@
+Apache Arrow
+Copyright 2020-2021 The Apache Software Foundation
+
+This product includes software developed at
+The Apache Software Foundation (http://www.apache.org/).
+
+This product includes software from the tokio project
+ * Copyright (c) 2021 Tokio Contributors
+ * Licensed under the MIT License
+
+This product includes software from the libc project
+ * Copyright (c) 2014-2020 The Rust Project Developers
+ * Licensed under the MIT License
+
+This product includes software from the rand project
+ * Copyright 2018 Developers of the Rand project
+ * Copyright (c) 2014 The Rust Project Developers
+ * Licensed under the MIT License
+
+This product includes software from the pyo3 project (Apache 2.0)
+ * Copyright (c) 2017-present PyO3 Project and Contributors
+ * https://github.com/PyO3