India may quit EU-led GPS project


These issues, said sources, had not been resolved at Helsinki and despite the official statement before the PM’s visit, that details of Indian participation in the Galileo project were close to completion, there was a lack of progress when Indian and EU officials discussed the issues in Finland.

A major contributor to the project is China, which has agreed to sign seven contracts with EU to participate in Galileo and has committed itself to a $ 241 million investment in the project. Already, in respect to Chinese investment in projects in India relating to areas like ports and telecom, objections have been raised on security grounds

Latest Threads