However, ISRO chief K. Radhakrishnan admitted that details concerning the 2005 contract beneath that Devas, floated by a former ISRO official, was to receive rights to ninety per cent usage of transponders on 2 satellites, weren't shared with the area Commission or the Union cupboard.
“One purpose that wasn't explicitly mentioned (to the Union Cabinet) was that GSAT vi and GSAT 6A satellites are planning to be predominantly used for this novel and industrial application that Antrix had entered into with M/s Devas,” he said.
In the wake of the expose by Business Line and therefore the Hindu that the deal between Devas and ISRO’s industrial arm Antrix might cause a loss of over Rs. a pair of lakh crore, the ISRO chief held a press conference to clarify that neither spectrum nor transponders or satellites got to Devas or Antrix thus far.
“The question of revenue loss incurred doesn't arise,” said Mr. Radhakrishnan, who was amid former ISRO chief and Member, coming up with Commission, K. Kasturirangan.
He said the method of review of the contract was initiated in December eight, 2009 and shortly “we predict it to complete it.”
“In December 2009, I instituted a committee with a former member of area Commission for a comprehensive review of all matters,” he said explaining the genesis of the method of review.
To an issue whether or not the Prime Minister was awake to the deal, he said the contract is finalised by the Antrix Board and he had taken up the matter to the area Commission.
“After the choice, I broached the matter with the Prime Minister, who is our Minister in-charge which is how the PMO conveyed a press note on the difficulty these days,” he said.
At now Mr. Kasturirangan interjected to indicate that the review method was proof of the robustness of the decision-making system.
Mr. Radhakrishnan said no time was wasted and there was no dilly-dallying. “We have return to taking a choice however the review method is extremely advanced which is what we have a tendency to are longing as a result of we've to confirm that the govt doesn't incur loss or suffer damage”.
Explaining the review method, Mr. Radhakrishnan said the contract was reviewed from all angles and it absolutely was felt that the area Commission. The Law Ministry was additionally being consulted on the termination method.
To an issue whether or not ISRO officers were awake to the actual fact Devas was to urge a predominant share of transponders on GSAT vi and GSAT 6A, he said it absolutely was an inside matter and necessary action are taken.
He said a number of the members of the Antrix Board could are awake to the Devas affiliation.
Asked why there was no competitive bidding for the deal, Mr. Radhakrishnan said this was a case of latest service in 2003 and there was no one there having such technology.
Mr. Kasturirangan said the new technology was developed by Devas as a part of a world consortium that comprised the most effective among peers.
“As of now, we've the contract. it's not been terminated. the method to terminate is on. the choice to terminate was taken in July 2010. we have a tendency to are within the method of doing it,” Mr. Radhakrishnan said.
The decision to terminate the contract was taken because the spectrum was needed for national strategic purpose. it's been drained the interest of the govt and therefore the public, he said.
