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Geospatial industry poised for growth

Information systems alone, based on maps and satellite imagery is set to touch Rs 576 crore by 2010. At present, the market estimates for these services are Rs 12 crore. The optimism is based on the current growth rates of around 200 per cent and the huge potential. Giving this view, the first detailed survey on the emerging Indian geospatial industry said the growth in the usage of spatial technologies in the land information systems, education sector, along with various other segments has been growing fast. The Survey Report will be released in Bangalore on May 25.

India has emerged as a major data conversion centre for geospatial services. Firms from the US, Europe, Japan and Australia have either started operating directly or are subcontracting work to Indian firms. This has created enormous employment opportunities in this sector. Most of these firms are currently engaged in data conversion. In FY 2005, this sector marked Rs 720 crore with an expected growth rate of 20 per cent.
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