| Infotech Geospatial (India) Limited, based at Hyderabad, would address Geospatial business opportunities in India and the Middle East.The geospatial market in India and Middle East is estimated at Rs. 1000 crore and is expected to see a 12% growth rate over the next five years. The India government’s Open Map Policy and Survey of India’s large-scale mapping initiatives are unlocking geospatial opportunities in several areas. These include land records; urban planning; environment, forestry and natural resources; utility infrastructure planning and management; and defence. Similarly, the rapid pace of infrastructure development in the Middle East has led to a growing demand for geospatial services in that region. |
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Infotech is a world leader in geospatial services, particularly for the telecom, utilities and government markets in North America, Europe and Australia. It also enjoys a significant presence in the telecom and utility segments in India. By investing in Geospace Integra and leveraging the combined entity’s strengths, Infotech moves into an even stronger position to address the high-growth geospatial markets in India and the Middle East.
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The new entity will operate as a subsidiary of Infotech Enterprises Limited. |
