Indian NewSpace company SatSure Analytics, which uses satellite data analytics to help farmers, has recently announced the signing of a strategic Memorandum of Understanding (MoU) with Antrix Corporation, the commercial arm of India’s space agency the Indian Space Research Organisation (ISRO).
The MoU will see Antrix Corporation and SatSure collaborate on developing the geospatial data analytics industry in India, as well as develop a framework for ISRO to nurture Indian space startups. The agreement is part of ISRO’s larger aim of developing services using geospatial technology, as well as using geospatial analytics in sectors such as agriculture, banking and financial services, social infrastructure, energy, and telecommunications.
Commenting on the MOU, Mr Rakesh Sasibhushan, CMD of Antrix Corporation said, “Antrix as the commercial arm of ISRO is taking a step forward in the collaboration with the NewSpace Players to build capacity and make use of their innovative products and services. This MOU presents a road map for companies in India that are working in space segment to collaborate jointly with our National Space Program and provide effective trickle down effects to real beneficiaries, the citizens of India. Our collaboration with SatSure will deliver on tackling real world problems with an emphasis on agriculture, environment and Sustainable Development Goals and will be a template of how Big Data from Space is used to benefit the society.”
Mr Prateep Basu, Co-Founder of SatSure said. “SatSure leverages advances in satellite sensors, machine learning and big data analytics to provide answers to large area questions across multiple domains. With our team’s expertise in earth observation, data analytics, machine learning and big data, we can provide decision intelligence to decision makers in the domains of banking, insurance, social infrastructure, energy and telecoms. The collaboration with Antrix Corporation will be a force multiplier for us, as the expertise Antrix provides in the space sector is par to none.”