financetom
Economy
financetom
/
Economy
/
Agri Ministry inks MoU with Pixxel Space to develop geospatial solutions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Agri Ministry inks MoU with Pixxel Space to develop geospatial solutions
Jun 26, 2023 1:51 PM

The Union Agriculture Ministry has signed an MOU with Pixxel Space India Pvt Ltd to develop various geospatial solutions, mainly for monitoring the health of crops and soil. The MoU (Memorandum of Understanding) was signed on Monday in the presence of Agriculture Secretary Manoj Ahuja.

Share Market Live

NSE

C S Murthy, Director of MNCFC, signed the MOU on behalf of the Government of India, with Abhishek Krishnan, Chief of Staff representing Pixxel Space. MNCFC (Mahalanobis National Crop Forecast Centre) on behalf of the ministry will associate with the Pixxel team for developing and implementing suitable methodologies.

"It aims to develop various geospatial solutions on pro bono basis for the Indian Agriculture Ecosystem using Pixxel's hyperspectral dataset. "The project focuses on leveraging sample hyperspectral data from Pixxel's path finder satellites to develop analytics models focused on crop mapping, crop stage discrimination, crop health monitoring, and soil organic carbon assessments," an official statement said.

This will enable the government to develop use cases with hyperspectral data provided by Pixxel. "Hyperspectral remote sensing technology includes spectral measurements in narrow wavelength bands by satellites and such measurements offer certain unique indices to monitor and assess the health of crops and soils," the statement said.

This is an emerging technology with unique capabilities for monitoring agriculture. Crop health monitoring by detecting the changes in chlorophyll content and canopy moisture status, using hyperspectral data would be beneficial to find crop risk management solutions for farmers.

Soil nutrient mapping including soil organic carbon assessments is one of the important applications of hyperspectral technology. The soil reflectance observations measured by the sensors offer more direct, cost-effective data sets to estimate soil organic carbon.

ALSO READ: FCI to again commence open market sale of wheat to curb prices, says the option of import duty cut is open

"This will also help to develop the early detection of crop stress, accurate diagnostics of crop stress due to pest/disease or water using hyper spectral data offer numerous opportunities to strengthen the current advisory system of the Government benefiting to millions of farmers," the statement said. Ahuja said such types of collaboration with young startup company will go a long way toward developing innovative geospatial solutions using advanced satellite imaging technology. The new technology will reduce dependence on manual surveys and measurements which are time-consuming and prone to errors.

(Edited by : Keshav Singh Chundawat)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Falls Early Tuesday Ahead of Redbook, Factory Orders, JOLTS, Fed Speakers
US Dollar Falls Early Tuesday Ahead of Redbook, Factory Orders, JOLTS, Fed Speakers
Apr 2, 2024
07:51 AM EDT, 04/02/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for an increase against the yen, ahead of a busy day of economic data releases and appearances by Federal Reserve officials. The dollar got a boost from an unexpected increase in the ISM's manufacturing index for March on Monday morning that...
Bitcoin Drops Over 5% as Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High
Bitcoin Drops Over 5% as Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High
Apr 1, 2024
Bitcoin fell below $66,500 during the Asian hours as the dollar index rose above 105.00 for the first time since mid-November.Data released on Monday shows that U.S. manufacturing activity unexpectedly picked up the pace in March.June Fed rate cut probability dipped below 50% after the manufacturing data.Bitcoin {{BTC}} faced selling pressure during Asian trading hours on Tuesday as upbeat U.S....
Citadel's Griffin expects US economic landscape to be  challenging, more favorable for fixed income
Citadel's Griffin expects US economic landscape to be challenging, more favorable for fixed income
Apr 1, 2024
NEW YORK (Reuters) - Citadel's hedge fund billionaire Kenneth Griffin told investors he expects the medium-term economic landscape will remain challenging, but more favorable for fixed-income markets in the U.S., as inflation eases, according to a letter seen by Reuters. Economic growth is likely to be modest, staying below potential in the upcoming quarters, with the (U.S.) central bank persisting...
NY Fed inflation gauge sees cooler price pressures in February
NY Fed inflation gauge sees cooler price pressures in February
Apr 1, 2024
NEW YORK (Reuters) - The Federal Reserve Bank of New York said on Monday that underlying inflation pressures weakened in February. The bank said its Multivariate Core Trend Inflation gauge fell to 2.9% in February from 3% in January. The bank's index, which seeks to divine the longer-run trend of price pressures, has been on balance cooling since peaking at...
Copyright 2023-2025 - www.financetom.com All Rights Reserved