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Below the Pre-Budget Quote on Technology and Geospatial Sector by Swayambhu Mohanty, Co-Founder of Airace

"As we approach the Union Budget 2025, Airace is optimistic about the government’s commitment to a technology-driven economy. The geospatial sector, projected to reach ?25,000 crore by 2025, is vital for innovation and infrastructure development. We look forward to budgetary measures that focus on technology adoption, innovation, and ecosystem building.

Key expectations include:

• Funding for geospatial and satellite technologies to drive R&D in GNSS, AI, and IoT, supporting industries like agriculture, construction, and disaster management.
• Streamlined regulatory frameworks to ease geospatial technology deployment, such as simplifying licensing and high-resolution mapping restrictions.
• Investment in skilling initiatives to build a workforce skilled in cutting-edge technologies, integrating geospatial education into curriculums.
• Focus on digital infrastructure to support technologies like 5G, cloud computing, and real-time data analysis.
• Public-private partnerships to drive projects like Smart Cities and precision agriculture, positioning India as a leader in geospatial innovation.

With the right support, the geospatial sector can thrive, creating opportunities for start-ups, MSMEs, and large enterprises alike. At Airace Technologies, we are committed to building affordable, advanced geospatial solutions that contribute to India’s digital transformation and global tech leadership."

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