New Delhi, Feb 12 (IBNS) Indian Space Research Organisation (ISRO) on Saturday said its commercial wing Antrix?s deal with Devas Multimedia will be annulled.
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??In view of the priority to nation’s strategic interests, the deal between Devas-Antirx will be annulled,? ISRO said in a statement.
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?The decision came following a meeting of the country?s highest decision-making body on space policy, the Space Commission, here.
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?Headed by K Radhakrishnan, the Space Commission decided to restructure Antrix. A full-time chairman will also be appointed for Antrix.
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?The Antrix-Devas deal will be studied by a two-member probe and the report would be submitted by March 9, it was further decided in the meeting.
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?The deal has left the government embarrassed as it has emerged that the contract was not scrapped even more than a year after different departments within the government had detected lapses in it.