Bangalore: Antrix Corporation, the commercial arm of Indian Space Research Organisation (ISRO), has signed an agreement with US-based Space Imaging to market and sell data worldwide from ISRO's latest remote sensing satellite RESOURCESAT-1 and the next CARTOSAT-1 satellite.

"We expect to earn about $ 1.5-2 million from the new arrangement," ISRO Chairman G Madhavan Nair told reporters in Bangalore today (Jan 28, 2004).

An Agreement to extend the sales and marketing and include the data from the two satellites was signed by Antrix Corporation CEO K R Sridhara Murthi and Space Imaging CEO Robert Dalal yesterday (Jan 27) in the presence of Nair.

"ISRO, Antrix and Space Imaging have worked as partners to fulfil India's vision of a global commercial earth observation programme and the Indian Remote Sensing satellite system has emerged as one of the most high-profile programmes in commercial imaging industry," Nair said in a statement.

India has over 30 per cent share in the global remote sensing image data market and the Hyderabad-based National Remote Sensing Agency acquires the remote sensing data from Indian satellites and markets the data in the country.