{"id":187209,"date":"2024-12-03T04:31:39","date_gmt":"2024-12-03T04:31:39","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/03\/india-usa-space-and-geospatial-business-summit-focus-on-tech-advanced-manufacturing\/"},"modified":"2024-12-03T04:31:39","modified_gmt":"2024-12-03T04:31:39","slug":"india-usa-space-and-geospatial-business-summit-focus-on-tech-advanced-manufacturing","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/03\/india-usa-space-and-geospatial-business-summit-focus-on-tech-advanced-manufacturing\/","title":{"rendered":"India-USA Space and Geospatial Business Summit focus on tech & advanced manufacturing"},"content":{"rendered":"
\"India-USA<\/div>\n
The 4th India-USA Space and Geospatial Business Summit was convened on Monday in Hyderabad with a focus on technology, policy alignment and advanced manufacturing<\/a>.<\/p>\n

Organized by the Geospatial World Chamber of Commerce in collaboration with Geospatial World, this summit brought together key stakeholders from government, industry, academia, and research to explore and amplify the geospatial and space sectors’ potential for innovation, economic growth, and sustainability.<\/p>\n

With bilateral trade in geospatial and space technologies projected to grow from $2.5 billion in 2024 to $10 billion by 2030, the summit underscored how shared investments in technology, policy alignment, and manufacturing can accelerate global progress.<\/p>\n

Sanjay Kumar, CEO of Geospatial World, highlighted India\u2019s thriving geospatial sector, valued at $1.92 billion, as a global hub for cost-effective geospatial services. <\/p>\n

He said, \u201cThe COVID-19 pandemic showcased the power of geospatial technologies<\/a> for innovation and collaboration, enabling solutions that transcend borders. The partnership between India and the U.S.\u2014India\u2019s most comprehensive strategically\u2014spans multiple sectors, including trade, defense, education, and healthcare, cementing a robust framework for innovation.\u201d<\/p>\n


India\u2019s strengths in delivering high-quality, cost-efficient solutions complement the U.S.’s leadership in cutting-edge technology, creating a formidable partnership for driving global geospatial advancements.Jennifer Larson, U.S. Consul General in Hyderabad, emphasized the city\u2019s role as a leader in geospatial data processing<\/a>. She said, \u201cHyderabad processes more geospatial data than anywhere else in the world. Our joint initiatives in space exploration and geospatial technologies are taking us closer to the cosmos while addressing critical global challenges like climate change, disaster management, and food security.\u201dLarson underscored the integration of artificial intelligence (AI) and machine learning (ML) with geospatial data, enabling sophisticated analyses to tackle global issues. She expressed optimism about the future of the partnership, stating:<\/p>\n

\u201cThis partnership is not just about economic growth; it is about leveraging geospatial and space technologies to address global challenges, improve lives, and ensure sustainability\u201d she added.<\/p>\n

\u201cBy the next summit, I hope we will witness bold advancements in areas like visa facilitation and expanded space cooperation, contributing to our $10 billion trade goal,\u201d she said in conclusion.<\/p>\n

Discussions at the summit focused on actionable strategies to deepen collaboration, including technology transfer, advanced manufacturing for geospatial equipment, and bolstering India\u2019s role as a solution provider.<\/p>\n

Dr. Rajeev Jyoti, Director (Technical), IN-SPACe, highlighted the NASA-ISRO SAR (NISAR) Mission, a collaboration exemplifying the synergy between India and the U.S. He noted that India\u2019s National Geospatial Policy (2022) and Space Policy (2023) have catalyzed the growth of geospatial and space industries in the country.<\/p>\n

\u201cThe global Earth Observation (EO) industry, growing at a CAGR of 16%, is projected to reach $8 billion, and India is poised to play a key role in this expansion,\u201d he added.<\/p>\n

Srikant Sastri, Chairman of the Geospatial Data Promotion & Development Committee (GDPDC), highlighted the transformative impact of the National Geospatial Policy 2022, which empowers private players to acquire, store, and process spatial data.<\/p>\n

He said, \u201cAs part of this initiative, we are overhauling India’s mapping and data infrastructure to drive modernization. By stimulating private sector demand for geospatial data, products, and services, we are not only accelerating the industry\u2019s growth domestically but also creating a robust second avenue for expanding India-U.S. bilateral trade.\u201d<\/p>\n

Sastri emphasized its role in enhancing India-U.S. bilateral trade, positioning geospatial technology<\/a> as a key driver of economic and strategic collaboration.<\/p>\n

The summit called for enhanced research collaborations, streamlined technology transfer frameworks, and strengthened networks connecting businesses, governments, and research institutions.<\/p>\n<\/div>\n


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The 4th India-USA Space and Geospatial Business Summit was convened on Monday in Hyderabad with a focus on technology, policy alignment and advanced manufacturing. Organized by the Geospatial World Chamber of Commerce in collaboration with Geospatial World, this summit brought together key stakeholders from government, industry, academia, and research to explore and amplify the geospatial […]<\/p>\n","protected":false},"author":2,"featured_media":187210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-115919425,imgsize-36296.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[7101,48035,134395,449,5711,88368,146503,141916,146505,146501,146506,6607,146504,146502,28,383,2416],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/187209"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=187209"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/187209\/revisions"}],"predecessor-version":[{"id":187211,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/187209\/revisions\/187211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/187210"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=187209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=187209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=187209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}