Sri Lanka's satellite on Chinese rocket


Sri Lanka’s Supreme SAT is launching its first Satellite on a Chinese rocket which can be used for direct to home broadcasts and communications, the state investment promotion agency said. Sri Lanka’s Board of Investment said the firm was operating in co-operation with China Great Wall Industry Corporation. Supreme SAT is a joint project between Supreme group, a Sri Lankan firm and China Satellite Communications Company Ltd, the BOI said. Supreme group has interests in commodity trading including urea, coal, bitumen, PVC and iron ore, the BOI said. The launch on November 22 via ‘Long March’ vehicle from the Xi Chang Launch Centre will be the first of three. The other two are expected on June 2013 and December 2015, the agency said. The firm will build a 20 million US dollar space station in Pallekele industrial zone in Kandy. There will also be ‘space academy’ at the place. Another BOI media statement quoted M A Manivannan, chairman SupremeSAT as saying that the project involves investing 320 million US dollars over the next 3 to 5 years.



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