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Question

Q. With reference to the Antrix Corporation in India, consider the following statements:

Which of the above statements is/are correct?


A
1 only
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B
2 only
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C
Both 1 and 2
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D
Neither 1 nor 2
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Solution

The correct option is D Neither 1 nor 2

Explanation:

Statement 1 is incorrect:

  • Antrix Corporation Limited (Antrix), incorporated on 28 September 1992 (under the Companies Act, 1956), is a wholly-owned Government of India Company under the administrative control of the Department of Space (DOS).
  • Antrix is the commercial arm of the Indian Space Research Organisation (ISRO).
  • Antrix promotes and commercially markets the products and services emanating from the Indian Space Programme.
  • In the year 2008, the Company was awarded ‘MINI RATNA’ status.

Statement 2 is incorrect:

  • It is also involved in establishing ground infrastructure for space applications.

The current business activities of Antrix include:

  • Provisioning of communication satellite transponders to various users,
  • Providing launch services for customer satellites,
  • Marketing of data from Indian and foreign remote sensing satellites,
  • Building and marketing of satellites as well as satellite sub-systems,
  • Establishing the ground infrastructure for space applications, and
  • Mission support services for satellites.

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