Hyderabad: Antrix Corporation, the commercial arm of the Indian Space Research Organisation (ISRO), plans to increase its remote sensing data products market share with the launch of Resource-sat-2, a remote sensing satellite using PSLV C-16 version rocket in February.
Murthy Remilla, deputy director, business development (remote sensing) of Antrix said that the number of ground stations which it has been operating across the world may also go up from 20 at present.
“The number of ground stations will increase and the number of countries we service will also increase. Currently the Indian remote sensing data products are reaching around 70 countries either through a reseller or through our own ground station. Now we want to increase our presence in Latin America and Africa with the launch of new satellite. Additionally 2 to 3 ground stations may also come up in these areas,” Remilla said at the Geospatial World Forum-2011.
Remilla said Antrix are likely to touch Rs 1000 crore turnover mark in 2011.
“We have six operational satellites providing different services to various customers. Currently revenues from remote sensing market are at $20 million or about Rs 90 crore and thus account for 10% of Antrix revenue. With the launch of Resource sat-2, we are hopeful of increasing the market share,” he added.
Remilla said remote sensing products from Antrix are 20 to 50 % cheaper making it cost effective.
Currently Antrix has four satellites serving its customers in both domestic and international markets.