| The government is likely to contribute over â‚¬200 million equity in the European Union's Galileo project. |
Galileo, the â‚¬3.2-3.4 billion satellite navigation system, is being projected by the EU as a rival to the US' Global Positioning System.
|According to senior European Commission officials, India's participation in the Galileo project was discussed at a meeting with senior Indian Space Research Organisation (Isro) officials in Bangalore in March-end this year.|
|"The Indian government is expected to take a final decision on its equity contribution for the project by June," EC officials said.|
|Officials said it was not clear if India would have access to the Public Resource Signal (PRS), which was vital for certain commercial applications.|
| "Once, it is sorted out, a decision will be conveyed at the earliest," they told Business Standard. |