ISRO’s NavIC TO BE COMMERCIALISED BY ANTRIX
Context: Indian space research organization and its commercial arm ANTRIX corporation limited are poised to commercialize NavIC, with the ANTRIX recently floating two separate tenders to identify industries that can develop dedicated NavIC based hardware and systems .
ANTRIX Corporation limited (ACL), Bengaluru is a wholly owned GoI Company under the administrative control of the department of space. Its objective is to promote ISRO’s products, services and technologies.
NavIC: (NAVIGATION IN INDIAN CONSTELLATION)
- NavIC is an autonomous regional satellite navigation system that provides accurate real-time positioning and the timing services. It covers India and a region extending 1500km around it with plans for further extension.
- The indigenous positioning or location based services (LBS) works just like the popular us global positioning system or GPS but within or 1500km radius over the subcontinent.