New geospatial policy to foster startup ecosystem
Live MintThe National Geospatial Policy, 2022, notified last week, can help India develop a private startup ecosystem, industry stakeholders and investors said. The policy outlines a 13-year roadmap for adoption and development of use cases of geospatial data in public governance and private commercial operations, promotion of homegrown startups, creation of a ‘National Digital Twin’, development of highly accurate topographical data including a digital elevation model, using geospatial data to develop an undersea economy, and more. “With the policy, the government realizes the need to create an ample base of geospatial data, and enable an ecosystem of private companies to build commercial products using this data,” said Sajid Malik, chairman and managing director of homegrown mapping services firm, Genesys International. Agendra Kumar, managing director of Noida-based private geospatial data firm, Esri India, said the geospatial policy puts importance on offering a conducive business environment for homegrown startups.