India Agrees to Join EU Satellite Navigation Plan (Reuters)
The EU is going to launch a system of 27 satellites which will be a European version of the already existing U.S. Global Positioning System (GPS). The EU is also in talks with China, Israel, Russia, Brazil, South Korea, Mexico and Australia to be a part of the project.
India pledged on Wednesday to strike a deal soon on joining the European Union's multibillion-dollar satellite navigation system project, but it declined to spell out how much it would invest.
This agreement "would guarantee highest-quality signals over Indian territory."
I don't understand this part:
India had originally spoken of contributing 300 million euros to the project but the EU officials said it was now more likely to be 150-200 million.
So the EU wants less money than India offered? That's a little bit odd.
But India being a part of Galileo is very cool.
Posted by Harshal at November 08, 2004 05:03 PMI don't think the EU wants less. Its more a case of the government talking big (as usual)... and bringing less to the table.
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