Geospatial World Chamber of Commerce (GWCC) is organising the 4th edition of India USA Geospatial Business Summit on December 2, 2024 as part of GeoSmart India conference at Hyderabad International Convention Centre in Hyderabad, Telangana, India. The Bilateral Business Summit is supported by Geospatial World (GW) as Knowledge Partner. IN-SPACe, Government of India & Geospatial Data Promotion and Development Committee (GDPDC) has joined the Summit as the Strategic Partner. The Bilateral Business Summits would not only offer platform to commercial sector of the participating countries towards strengthening their business cooperation, but would also provide commercial mechanism to implement provisions and commitments made by political and diplomatic leadership towards  including geospatial industries in trade and commerce.

There have been several initiatives going on between India and US that support strengthening of bilateral relations in the field of critical technologies including space and AI. And Geospatial sector is very much aligned and integrated part of these initiatives, and in fact, its geospatial industry that is and would continue to leverage and translate these initiatives real value trade and commerce. Currently, as per estimations, quantum of bilateral trade in geospatial sector between India and USA is estimated to be 2 billion $ and likely to grow to 5 billion $ by 2026. There is potential to grow the same to 10 billion $ by the year 2030 and for that we need to bring in geospatial in mainstream of bilateral discussions and create better environment for cooperation across research institutions, business enterprises, and government agencies.

Historically, India and the United States have had a long-standing commitment to qualitatively transform their strategic business partnership, particularly by investments and commitments, in technology knowledge sharing. The US is India’s most comprehensive strategic partner, and cooperation between the two extends across multiple areas such as space, trade, defence, multilateralism, intelligence, cyberspace, civil nuclear energy, education, and healthcare.