TeamIndus was the only Indian team competing for theUSD 30 million, Google Lunar XPRIZE that required privatelyfunded teams to land their spacecraft on the surface of themoon, travel 500 metres and broadcast high definition video,images and data back to Earth.
"Antrix and Teamlndus are mutually terminating thelaunch services agreement signed in 2016," a release by Antrix Chairman cum Managing Director Rakesh Sasibhushan said.
The release, however, did not mention the reason for the termination of the agreement under which ISRO was to have launched TeamIndus' spacecraft on its moon mission.
"Teamlndus also thanks Antrix for its assistance and looks forward to collaborating with Antrix in the future to take India higher and further into space. Antrix takes this opportunity to wish Teamlndus all success in its future endeavours," it added.
TeamIndus has planned to launch its 600 kg spacecraft on board ISRO's workhorse Polar Satellite Launch Vehicle from the Satish Dhawan Space Centre at Sriharikota, into an orbit 800 km above the surface of the Earth on its moon mission early this year.
An international panel of judges from the Google LunarXPRIZE after reviewing the moonmission plan of TeamIndus in October during a visti here had said the team has made"substantial progress" and was in the "right direction".
The deadline for the completion of mission fixed bythe Google Lunar XPRIZE is March 31 this year.
Ratan Tata, Nandan Nilekani (Infosys), Sachin Bansal andBinny Bansal (Flipkart) and Venu Srinivasan (TVS Group) and K Kasturirangan (former ISRO chief), among others, are supporting TeamIndus as its advisers.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
