The NASA-ISRO Synthetic Aperture Radar, or NISAR, satellite is designed to observe and take measurements of some of the planet's most complex processes, including ecosystem disturbances, ice-sheet collapse, and natural hazards such as earthquakes, tsunamis, volcanoes and landslides.
The two countries are also collaborating in a major way in the Mars Mission project.
NASA Administrator Charles Frank Bolden said they are looking to launch the satellite by 2020-21, but India Space Research Organisation (ISRO) A S Kiran Kumar said they are looking to prepone the launch.
Heads and representatives of several space agencies have assembled in the national capital to discuss applications of remote sensing technologies for disaster mitigation and bettering global climate change monitoring.
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Kumar said that for India, the project will not only help in understanding the seismic activity but also give inputs for monitoring agricultural activities.
"The activity involves building a payload with L- and S- bands synthetic aperture radar. It's a new technology instrument. While NASA provides the L-Band component of the electronics plus the antenna, which is a huge one. ISRO will provide the S-Band and the payload will be integrated at NASA and then the payload comes back at Bangalore. It gets integrated on the satellite, which is being built and will be launched by ISRO.