With an aim to provide spatially integrated products for development of infrastructure in urban sphere, Transerve Technologies, a civic-tech based firm inked a Memorandum of Understanding (MoU) with Pune based SoftTech Engineers Limited.
The growth of geospatial market in India is supported by the central and state governments for developing a robust infrastructure for effective governance, to implement digital economic initiatives, to improve delivery of civic services and more.
As per the agreement, Transerve Technologies will provide and integrate its geospatial platform Transerve Online Stack (TOS) along with flagship products from SoftTech such as AutoDCR, PWIMS, BIMDCR and OPTICON to leverage location data across web and mobile environments that will be beneficial in providing value added services to the SoftTech’s existing and new clients worldwide.
According to Indian Geospatial Economy Report, the geospatial market in India is estimated to reach Rs 11,306 crore mark in 2021. Around 36 percent of the market, which accounts to Rs 4,000 crore, is the infrastructure and urban development. Products from SoftTech powered by Transerve Technologies will be a step up for both the companies in the competition towards addressing this market. Both the organisations use a completely indigenous development philosophy which complements the Centre’s Make in India Mission.
Talking about the MoU, Ashish Raj, Chief Operating Officer, Transerve Technologies said, “We at Transerve see great potential in development in Infrastructure sector by strategically using spatial technology as a key differentiator. We are delighted to join hands with market leaders such as SoftTech Engineers Ltd. to take this forward.”
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While Vijay Gupta, Founder & CEO, SoftTech Engineers Ltd., on the agreement, said, “We are continuously striving towards developing the next generation functionality in our product portfolio. Accordingly we are delighted to partner with Transerve Technologies to integrate their innovative spatial stack in our flagship products.”