The Indian Space Research Organisation (ISRO) and its commercial arm Antrix Corporation Ltd. are set to commercialize India’s regional navigation satellite system - Navigation in Indian Constellation (NavIC).
Terrestrial, aerial and marine navigation;
Vehicle tracking and fleet management (especially for mining and transportation sector);
Integration with mobile phones;
Precise timing (as for ATMs and power grids);
Mapping and geodetic data capture.
Navigation in Indian Constellation
Navigation in Indian Constellation (NavIC) is an Indian Regional Navigation Satellite System (IRNSS), developed by the Indian Space Research Organization (ISRO).
IRNSS consists of eight satellites, three satellites in geostationary orbit and five satellites in geosynchronous orbit.
The main objective is to provide reliable position, navigation and timing services over India and its neighbourhood.
It works just like the established and popular U.S. Global Positioning System (GPS) but within a 1,500-km radius over the sub-continent.
It has been certified by the 3rd Generation Partnership Project (3GPP), a global body for coordinating mobile telephony standards.