look news india
Till now, companies have to pay in USD for using satellite for DTH. But after getting permission for this, companies in India can pay in Indian Rupees. The government is also making agreements with foreign companies in this regard. If this happens, companies can be saved from many other taxes including currency exchange rate.
What are the major satellite providers?
Companies like SES, AsiaSat, Instelsat and Measat are currently providing satellite networks to Indian companies. It also owns TV broadcasters and DTH operators. But now the payment is in dollars so the cost of the service itself is higher. If the payment is made in INR, the service charges will also be reduced.
Government decision
Only those companies that have received authorization from the Indian National Space Promotion Authority can start their operations in India. A deadline of April 2025 has also been set for this. Apart from this, help can also be taken from local units in this regard. This means that any foreign company will have to take permission from the Indian agency before setting up in India.
expert opinion
A report says that this will directly benefit companies, as they will no longer have to pay commission for money exchange. This will prove to be positive for the industry. Apart from this, the benefits of the service can also be availed easily. Along with this, satellite networks of foreign companies can also be purchased directly in India.