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#News(General) [ via IoTForIndiaGroup ]
The government is likely to contribute over EU 200 million equity in the European Union’s Galileo project.
Galileo, the EU3.2-3.4 billion satellite navigation system, is being projected by the EU as a rival to the US’ Global Positioning System.According to senior European Commission officials, India’s participation in the Galileo project was discussed at a meeting with senior Indian Space Research Organisation (Isro) officials in Bangalore in March-end this year.
Officials said it was not clear if India would have access to the Public Resource Signal (PRS), which was vital for certain commercial applications
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