Union Minister of State for the Department of Space, Jitendra Singh said this in a written response to a question in Lok Sabha.
"While the cost towards building and launching a satellite will be met by the government of India, the cost towards ground system is expected to be sourced by respective SAARC countries," Singh said in his reply.
"The objective of this project is to develop a satellite for the SAARC region that enables a full range of services to all our neighbours in the areas of telecommunications and broadcasting applications like television, DTH, tele-education and disaster management," he said.
India will be launching 28 satellites of six countries between 2015-2017, the government also said.
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Singh said Antrix -- the commercial arm of the Indian Space Research Organisation (ISRO) -- has signed agreements for launching 28 foreign satellites of Algeria, Canada, Germany, Indonesia, Singapore and the US during the period.
He added, until now, 45 satellites from 19 countries have been launched by the ISRO and the income generated through this amounts to around 17 million euros and USD 78.5 million.
In a response to another question, Singh elaborated on the initiation of chalking out a roadmap for the country's space programmes in addressing short-term and long-term areas.