| The government is likely to contribute over €200 million equity in the European Union's Galileo project. Galileo, the €3.2-3.4 billion satellite navigation system, is being projected by the EU as a rival to the US' Global Positioning System. |
| According to senior European Commission officials, India's participation in the Galileo project was discussed at a meeting with senior Indian Space Research Organisation (Isro) officials in Bangalore in March-end this year. |
| "The Indian government is expected to take a final decision on its equity contribution for the project by June," EC officials said. |
| Officials said it was not clear if India would have access to the Public Resource Signal (PRS), which was vital for certain commercial applications. |
| "Once, it is sorted out, a decision will be conveyed at the earliest," they told Business Standard.
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