The Indian Space research Organisation (ISRO) has appointed V S Hegde as the chairman and managing director of its marketing wing, Antrix Corporation, in a proposal to boost its commercialisation compel, reports said.
Hegde was Isro’s scientific secretary since January 2010. He was also concerned in earth observation satellite (EOS) programmes in his prior assignments.
On the other hand, V Koteswara Rao has been appointed the scientific secretary of Isro whereas H N Madhusudana was appointed the associate scientific secretary.
Isro chairman Radhakrishnan said that the move was part of the plan to allow Antrix to utilize the commercial opportunities in the space sector.
Antrix had reported revenue of about Rs 1,025 crore in 2010-11, 16 per cent privileged over the same period previous year. The bulk of its business comes from hire out transponders and this contributes about 70 per cent of the total turnover.