Powered by: Motilal Oswal
2025-02-03 09:10:54 am | Source: Airace
Post budget Quote 2025 on Technology and Geospatial Sector by Swayambhu Mohanty, Co-Founder of Airace
Post budget Quote 2025 on Technology and Geospatial Sector by Swayambhu Mohanty, Co-Founder of Airace

Below the Post budget Quote 2025 on Technology and Geospatial Sector by Swayambhu Mohanty, Co-Founder of Airace

 

The Union Budget 2025 has laid a strong foundation for accelerating India’s digital transformation, particularly in geospatial technology, precision infrastructure, and deep tech innovation. The announcement of the National Geospatial Mission is a pivotal step toward modernizing land records, enhancing urban planning, and driving large-scale infrastructure projects using advanced geospatial data. This initiative aligns perfectly with our mission at Airace Technologies to democratize high-precision GNSS solutions for industries ranging from construction and surveying to agriculture and smart cities.  

Additionally, the Deep Tech Fund of Funds, aimed at catalyzing the next generation of technology-driven startups, is a significant boost for companies like ours that are leveraging AI, machine learning, and advanced GNSS analytics to revolutionize the industry. The government’s commitment to fostering research, development, and innovation—backed by a ?20,000 crore allocation—further strengthens India's position as a global technology leader.  

The integration of PM GatiShakti’s data access for private sector innovation is another forward-thinking move, enabling more efficient project planning and execution. This will directly impact industries relying on precise positioning and navigation technologies, allowing for better decision-making and cost optimization. Moreover, the ‘Make in India’ incentives for electronics manufacturing, particularly for components essential to GNSS and precision technology, will support the localization of high-quality geospatial hardware, making India self-reliant in this critical sector.

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here