Indian geospatial market to grow to INR 36,300 crore by 2025
The Indian Geospatial market is expected to grow to INR 36,300 crore in 2025 from INR 23,345 crore in 2020. Data generated from geospatial technologies can be applied to various sectors like infrastructure, manufacturing, health, agriculture, urban highway, and service delivery. Additionally, over 6 lakh villages in India will be surveyed using drones under the SVAMITVA scheme. The government also plans to produce 3D maps for 100 Indian cities, said Dr Jitendra Singh, Union Minister for Science & Technology. The GoI will also announce a formal geospatial policy. The recent liberalisation of geospatial data and services in the country have prompted good participation from private players. The government has removed prerequisites such as getting licences or prior approvals as part of the liberalisation of geospatial data to promote Make-in-India solutions. The Trinity of Geospatial Systems, Drone Policy and Unlocked Space Sector will be the hallmark of India’s future economic progress. This is in line with the strategic push by the GoI for adopting emerging technologies across national mission-mode projects to achieve the vision of the USD 5 trillion economy, the Union Minister added.
The government will also produce 3D Maps for 100 Indian cities.
The government will also produce 3D Maps for 100 Indian cities.
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Sharath is an ardent believer in the ‘Transhumanism’ movement. Anything and everything about technology excites him. At Analytics India Magazine, he writes about artificial intelligence, cybersecurity and the impact these emerging technologies have on day-to-day human lives. When not working on a story, he spends his time reading tech novels and watching sci-fi movies and series.