Sri Lanka and China have signed a deal to open Sri Lanka’s first space academy which will eventually manage Sri Lanka’s first satellite scheduled to be launched in 2015.
The Supreme Group, a Sri Lankan company, signed two landmark investment agreements with China’s state owned companies in the fields of Aerospace and Natural Resources.
The agreement signing ceremony was held in Kandy where the foundation laying ceremony for Sri Lanka’s first and only space academy took place in the presence of the Vice Minister of Industries and Information Technology of the People’s Republic of China, Chen Qiufa.
The Sri Lankan company’s fully owned subsidiary SupremeSAT (Pvt) Ltd., which has become the first and only satellite operator of Sri Lanka, signed the joint investment agreement with China Greatwall Industry Corporation and Sino Satellite Communications Company Ltd for the setting up of Sri Lanka’s first ever space academy within the Pallekele BOI Zone.
The proposed space academy will consist a state of the art satellite ground station which will provide on the job training to Sri Lankans who will start to control the already co-branded satellites of SupremeSAT/Chinasatcom.
SupremeSAT has committed to invest USD 20 Million for this project whilst CGWIC/SinoSAT consortium will invest in the equipment, technology and training aspects of the project which also runs into several millions of US Dollars.