Sri Lanka‘s first communication satellite is expected to be launched on November 22, 2012 from the Xichang Satellite Launch Centre in China. This geostationary satellite would get operational by mid-2013 for commercial purposes. The satellite is partly owned by a private company, Sri Lanka’s first Satellite Company called SupremeSAT. The cost of the project is expected to be around US$ 360 million. According to the Chairman of the company, the project is a joint venture with two Chinese companies, China Great Wall Industry Corporation (CGWIC) and Sino Satellite Communications Company Ltd. The project also includes the construction of a satellite Content Management Station and a Space Academy at Kandy.

Read Here – Institute for Defense Studies and Analyses