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India signs up for Galileo project

Satellite positioning system Galileo has extended its arms with India signing up as a partner in the project. India joins China, Israel and Ukraine, who are already members of the program. The European Commission said discussions with many other countries were underway, including Argentina, Australia, Brazil, Canada, Malaysia, Norway and South Korea. Galileo, the first global positioning system to be controlled by civilian rather then military authorities, is due to go operational in 2008, with some 24 satellites.
By the end of this year development costs will have breached $1.36 billion (1.1 billion euro), while 2006 to 2008 will see another $2.61 billion (2.1 billion euro) in costs. However, the system is expected to reap good returns, bringing revenue of $274 million (220 million euro) a year.