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
• B. 2 only
• C. Both 1 and 2
• D. Neither 1 nor 2

Answer 1

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.