Predictive Lossy Compression has been found to be an interesting alternative to conventional transform coding
techniques in multispectral image compression. Recently, High Efficiency Video Coding (HEVC) standard has shown
significant improvement over state of the art transformation based still-image coding standard. In this paper we study the
properties of multispectral image and propose a predictive lossy compression scheme based on HEVC. Empirical
analysis shows that our proposed method is superior to the existing state of the art predictive lossy compression schemes.