India-US Geospatial Business Summit

June 2, 2022, Monterey

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The United States and India have a strong strategic partnership founded on shared values of democracy and a commitment to uphold the international order that safeguard their sovereignty and territorial integrity while coordinating in defense agreements, collaboration on dealing with regional and global challenges such as climate security, and a Free and Open Indo-Pacific to bring greater economic prosperity to the region.

The strengthening of the QUAD group (India, the USA, Japan, and Australia) is further seen as a successful measure of the bilateral strength between the two countries. The recently-signed Basic Exchange and Cooperation Agreement for Geospatial Cooperation (BECA) between the National Geospatial-Intelligence Agency of the U.S. Department of Defense and the Ministry of Defence India is a testament to that growing relationship.

With an intent to develop an informal business platform for ideation and in-person engagement among the India-US business and defense/geo-intelligence leaders, Geospatial World and Geospatial World Chamber of Commerce (GWCC) in collaboration with the Embassy of India, Washington D.C. and the U.S. Department of State, organized the Indo-U.S. Geospatial Business Summit on June 02, 2022, on the sides of GeoBuiz 2022 Summit in Monterey, California.

RECOMMENDATIONS

The Indo-U.S. Geospatial Business Summit was organized on June 02, 2022, on the sides of GeoBuiz 2022 Summit, in Monterey, California. While the Business Summit witnessed active and engaging participation of the thought leaders from both the countries, the recommendations and insights drawn from Summits are significant in the context of Geospatial ecosystems.

The relationship between India and the United States is growing in the geospatial sector, going from strength to strength over the past few years, ensuing global good. Since 2007, the two governments have been engaging in discussions including Earth sciences, space exploration, and most recently on human spaceflight.

In the geospatial domain, United States is top trading partner for India and accounts for 83% of the total USD 1.45 billion geospatial technology and enabled services exports by India globally. And India imports in geospatial technology and products to the tune of approximately USD 350 million dollars from United States.

It is suggested that the geospatial industry in India be empowered and supported in its mission to serve and enable geospatial adoption in the Indo-Pacific region including Philippines, Malaysia, Indonesia, Vietnam and Thailand to name a few.