- “While the cost towards building and launching a satellite will be met by the government of India, the cost towards ground system is expected to be sourced by respective SAARC countries,” Union Minister of State for the Department of Space, Jitendra Singh said
- He also added that the government has sanctioned 15 smaller PSLV launchers worth Rs 3,090 crore which would be built during 2017-2020.
- The objective of this project is to develop a satellite for the SAARC region that enables a full range of services to all our neighbours in the areas of telecommunications and broadcasting applications like television, DTH, tele-education and disaster management.
- Antrix is the commercial arm of the Indian Space Research Organisation (ISRO) has signed agreements for launching 28 foreign satellites of Algeria, Canada, Germany, Indonesia, Singapore and the US during the period.
- He added, until now, 45 satellites from 19 countries have been launched by the ISRO and the income generated through this amounts to around USD 17 million and Euro 78.5 million.