Mr. Agendra Kumar, Managing Director, Esri India, “Geospatial sector has high expectations for the forthcoming Union Budget 2024, for investments in progressive and transformative measures. The recently released India Infrastructure Report 2023 on Urban Planning and Development, points to the Government of India’s commitment for higher investments in the infrastructure sector. We expect the upcoming budget to establish a comprehensive agenda for India’s infrastructure development, with a particular focus on prioritizing railways, roads, aviation, ports, industrial and urban development, especially in tier-2 and tier-3 cities.
Recognizing the potential for increased efficiency, speed, and quality in infrastructure development through emerging geospatial technologies like 3D digital twins, there is an expectation for enhanced budgetary support for the geospatial sector. This anticipated increase in funds could also empower state governments and city municipal corporations to leverage GIS technologies and data, to not only achieve improved governance but also drive various development initiatives. Additional funding is expected to bolster the efforts of geospatial companies, enabling them to contribute more effectively towards enhancing the nation’s infrastructure and economy.”