The two-member Committee, headed by B K Chaturvedi, Member, Planning Commission, will review the technical, commercial, procedural and financial aspects of the Agreement between Antrix and Devas Multimedia Pvt. Ltd. The panel will also review the adequacy of procedures and approval processes followed by Antrix, ISRO and Department of Space, and suggest improvements and changes. The Committee has been asked to submit its recommendations to Prime Minister Manmohan Singh within one month. Singh is minister incharge of Department of Space.
Talking to media here Thursday, the Information and Broadcasting Minister, Mrs. Ambika Soni said that the Secretary, Department of Space, Dr. K. Radhakrishnan Thursday briefed the Prime Minister and the Cabinet members on the contract between the Commercial arm of ISRO Antrix and the private company Devas Multi-Media for developing applications. The Minister also said that that the committee has been asked to submit reports within a month. The committee has two members, Mr. B.K. Chaturvedi and Mr. Narasimhan
Meanwhile Devas Multimedia, who has reportedly struck a deal with Antrix for S-band spectrum Thursday said that the company had all appropriate approvals from the government for its business. Devas President and CEO Ramachandran Viswanathan said it still has the legally binding agreement with Antrix Corporation and was awaiting delivery of the contracted space segment capacity from ISRO. He said Devas has secured appropriate approvals from the government related to conducting its business.