India's Geospatial Economy Likely To Cross Rs 63,000 Cr By 2025: MoS Singh
India's geospatial economy is expected to cross Rs 63,000 crore by 2025 at a growth rate of 12.8 per cent and to provide employment to more than 10 lakh people mainly through geospatial startups, said Union Minister for Science and Technology, Jitendra Singh on Tuesday.
While addressing the second United Nations World Geospatial Information Congress (UN-WGIC) 2022 in Hyderabad, he said, in the current boom of technology-led startups, there are around 250 geospatial startups in India and to give a further boost to this sector.
The minister pointed out that many national organisations like the Survey of India, Geological Survey of India etc. implemented several GIS-based pilot projects across a range of domains like waste resource management, forestry, urban planning, etc. to demonstrate the applications of geospatial technology.
The minister said that the government, industry, researchers, academia, and civil society are coming together to establish a quality geospatial ecosystem to build key solutions.
He said the democratisation of the Indian geospatial ecosystem will spur domestic innovation and enable Indian companies to compete in the global mapping ecosystem by leveraging modern geospatial technologies and realising the dream of "Atmanirbhar Bharat (self-sufficient India).
Singh emphasised that geospatial technology and geographic information system (GIS) is going to make a significant impact on the way India has been adopting this technology and moving ahead.
He added that the world is looking at India as to how it is using technology to tackle some of the major humanitarian and sustainability problems.
The minister added that even though geospatial technologies have been produced, used, and managed in the country for over five decades now, the government's revolutionary steps towards geospatial democratisation, advocacy, and integration over the last few years gave a new momentum to this sector.
