China helps SL's space capability: SL gets Space Academy

Discussion in 'China' started by rockdog, Aug 23, 2012.

  1. rockdog

    rockdog Regular Member

    Dec 29, 2010
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    Sri Lanka Business News | Online edition of Daily News - Lakehouse Newspapers



    The foundation stone for the proposed “Space Academy” of SupremeSAT was laid at the Kandy BOI zone yesterday by visiting Vice Minister of Industries and Information Technology, People’s Republic of China, Chen Qiufa together with top Chinese executives.

    R. M. Manivannan, Chairman of the SupremeSAT, after signing the agreement with the Chinese officials. Chief Minister of Central Province, Sarath Ekanayake and Governor Central Province Tikiri Kobbekaduwa also participated. Picture by Saliya Rupaisnge

    The proposed Space Academy in Kandy

    The project is a joint venture between SupremeSAT (Pvt) Ltd - The first and only satellite operator of Sri Lanka, in partnership with China Greatwall Industry Corporation and Sino Satellite Communications Company Ltd. The total investment would be around US $ 60 million. This is also the first Chinese investment for the Kandy district.

    The Academy would offer “On the Job” Training for Sri Lankans who could interact with the already co-branded satellites of SupremeSAT/Chinasatcom as a preparatory measure to be geared to handle the fully owned satellite of SupremeSAT which will be launched in December 2015.

    “This investment would give confidence to other private sector companies in the world to invest in Sri Lanka,” said R. M. Manivannan, Chairman of the SupremeSAT. The construction of the facility would be done in an accelerated manner with an ambitious plan for completion within six months to keep in line with the growing satellite business of both SupremeSAT and China Greatwall Industry Corporation.

    In addition, another historic investment agreement was signed between The Supreme Group and “Beijing Aerospace Great wall Minerals Corporation” wherein the mineral reserves held by the company regionally was assigned to the Chinese company for mining as well as future reserve enhancement purposes.

    The Supreme Group will enhance the mineral reserves of BAGWMC utilising it’s existing mineral reserves as well as acquiring larger reserves of all types of natural resources in Sri Lanka and in the region inclusive of Indonesia and Madagascar where the company has secured valuable coal mine reserves.

    Vijith Pieris - CEO of The Supreme Group and Liu Donghu – General Manager of “Beijing Aerospace Greatwall Minerals Investment Corporation” signed the second investment agreement.
  3. blank_quest

    blank_quest Senior Member Senior Member

    Aug 4, 2012
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    Re: China hleps SL's space capability: SL gets Space Academy

    This is all because of India.. undue advantage just because of India is being given to Sri Lanka. :thumb::rofl: ... atleast those -----is are doing something good.. but India should start collaborating with ROK .. just like strategic drills and military exercises there , civilian collaboration can be heightened.. :thumb:

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