ISRO signs deal for first privately built satellite

The Indian Space Research Organisation has signed an agreement with a consortium of six companies to deliver India’s first industry-built satellite by late 2017.

The agreement was signed between M Annadurai, Director of ISRO Satellite Centre (ISAC) and the consortium lead Alpha Design Technologies P Ltd. ISAC assembles India’s satellites for communication, remote sensing and navigation. It is for the first time that ISRO outsourced the construction of entire satellite.

Source – Business Standard
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