Sri Lanka launch first satellite
Posted by Editor on May 24, 2012 - 10:44 am
SupremeSAT (Pvt) Ltd. signed the investment agreement with the Board of Investment yesterday with very ambitious plans to take Sri Lanka into the global space race.
With an initial investment of USD 20 million which will be further increased up to USD 320 million, the company’s long-term plan is to utilize the Planned Orbital Slot of Sri Lanka, which is located at 50 degrees East and launch SupremeSAT – the country’s first ever telecommunications satellite.
Courtesy: DM Online
Latest Headlines in Sri Lanka
- Online platform targeting swift removal of child sexual abuse content launched March 29, 2024
- Sri Lanka calls for debt-restructuring proposals from dealer managers March 29, 2024
- Former President Maithripala Sirisena ordered to court appearance on April 4 March 28, 2024
- Sri Lanka confident of meeting conditions for IMF funding soon – report March 28, 2024
- Fire erupts at tyre shop in Colombo March 28, 2024