The Satcom Industry Association of India (SIA-India) and the Indian Space Association (ISpA) have inked separate Memorandum of Understanding (MoU) with Geospatial World, a consultancy company.
In collaboration with Geospatial World, SIA-India will work towards the growth of satellite communication (satcom) ecosystem in India, dissemination of knowledge, and jointly conduct relevant research for the industry.
Meanwhile, ISpA and Geospatial World will work together for the “promotion and upgradation of all space and geospatial domain activities and services”. The MoU also strives to create an innovative space ecosystem in India. Additionally, ISpA and the media consultancy company will pursue collaborative research; publishing of research papers; co-host conferences, and share knowledge.
The collaboration has been forged in the light of the recent trend of India emerging as a key market for broadband from space services with an over $1 billion near-term annual revenue opportunity. E&Y estimates that India’s satellite services market would grow to $4.7 billion by 2025 since nearly 75 per cent of rural India does not have access to broadband as many locations are still without cellular or fibre connectivity.