Geospatial Strategy for National Development Report

Geospatial Strategy for National Development Report

  • Recently the Geospatial Strategy for National Development report has been unveiled at the Geosmart India 2022 conference.
  • This report has been prepared by Geospatial World. It highlights the opportunities and challenges associated with the Indian geospatial industry.
  • All those techniques are called geospatial technology, which are used to obtain, manipulate and store geographic information.
  • Examples of such technologies are- GIS, GPS, Remote Sensing, Geofencing etc.

Key Findings of the Report

  • The Geospatial market is estimated to be Rs 37.16 thousand crore by the year 2025. The market will grow at a compound annual growth rate (CAGR) of 10.35% between 2022 and 2025.
  • The global navigation satellite system and positioning market share will be around 59 percent in the year 2022.
  • Sectors such as defense and intelligence, urban development, agriculture and land administration will give impetus to the development of this region.
  • The Guidelines for Geospatial Data 2021 and Drone Rules, 2021 have democratized and liberalized access to geospatial data and information.

Major Challenges: Delay in setting up modern and accurate Geodetic and Terrestrial Positioning Augmentation infrastructure is hampering the development of this sector.

  • There is lack of data collection and analysis on real-time basis.
  • Geospatial standards are not being implemented effectively.
  • There is a lack of co-operation between different stakeholders.

Suggestion: Geospatial Industrial Development Board and Fund should be set up.

  • Participation of Micro, Small and Medium Enterprises (MSMEs) and local manufacturing capabilities should be increased.
  • Flexible Positioning, Navigation and Timing (PNT) infrastructure should be developed.
  • Geo-spatial incubation centers should be set up. In addition, long term agreements on R&D should be promoted.

Source – The Hindu

Download Our App

More Current Affairs

Share with Your Friends

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilations

Related Articles

Youth Destination Facilities