Financial Daily from THE HINDU group of publications
Thursday, Dec 23, 2004
Financial Daily from THE HINDU group of publications Thursday, Dec 23, 2004 |
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Government
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Policy Industry & Economy - Science & Technology Cabinet nod for spacecraft project Our Bureau
New Delhi , Dec. 22 THE Union Cabinet has given its nod for undertaking the GSAT-5/INSAT- 4D spacecraft project at a total cost of Rs 123.75 crore. The total cost includes a foreign exchange component of Rs 83.25 crore. ``This will help telecom and TV operators to use the Indian National Satellite System,'' an official spokesperson said, adding that the project would come up within 18 months from the date of commencement. The launch of high-powered INSAT-4D/GSAT-5 satellite with 24 C-band transponders — 12 with India coverage and 12 with expanded coverage — will enhance capacity in the INSAT system considerably providing much needed back-up to the present C-band capacity. This satellite will provide C-band transponders available from foreign satellites systems in the Indian Ocean region.
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