Commercial Investment In Satellite

Indian space agency ISRO has urged the country's industry to invest in space business in a big way, an official said on Thursday.

India has lost a major case in international arbitration involving spectrum and satellites and may have to pay up to a billion dollars in damages. Today's verdict from the International Tribunal at the Hague could further the perception of India as an unreliable recipient of foreign investment, one who is prone to abrupt policy changes.

Indian space agency ISRO has urged the country's industry to invest in space business in a big way, an official said on Thursday.

India has lost a major case in international arbitration involving spectrum and satellites and may have to pay up to a billion dollars in damages. Today's verdict from the International Tribunal at the Hague could further the perception of India as an unreliable recipient of foreign investment, one who is prone to abrupt policy changes.