India, EU ready to ink Galileo project pact

New Delhi: India and the European Union (EU) would conclude soon an agreement providing for New Delhi's participation in the multi-billion dollar Galileo Global Navigation Satellite System.
Foreign Secretary Shivshankar Menon told reporters here that the talks on the agreement have reached an advanced stage and it could be ready for signing.
The Galileo programme, a joint venture of European Commission and European Space Agency initiative, represents the first global satellite positioning and navigation system deployed at an estimated cost of 3.4 billion Euros.
Conceived as a core infrastructure upon which applications would be built, the project is designed to meet the specific needs of users in every transport domain, especially aviation, maritime, road and rail transport.
07/10/06 PTI/The Hindu

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