Sri Lanka launch first satellite

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