MapmyIndia, the Indian partner of Japan's leading digital mapping firm Zenrin Co., is ramping up investment with plans to spend $30 million — equivalent to its total investment in the last two decades — in the next few years to further consolidate its market leadership in India.

"We will invest 200 crore (2 billion) rupees (around $30 million) in the next few years to further develop new technologies and solutions," said Rohan Verma, executive director and chief technology officer at MapmyIndia, in which Zenrin has a 17 percent stake.

The company, founded in 1992, has already invested more than $30 million in the last 20 years to develop navigation solutions and strengthen its position in the Indian market, he said. With its plan to invest $30 million more within the next few years, the company is seeking to fast-track the adoption of new technology to meet future demand, he added.