Ananth Technologies first Indian private firm to build foreign-owned satellites

Hyderabad-based Ananth Technologies has signed deals to build six foreign-owned satellites in India, a first by an Indian private company. Ananth will open a facility later this month in Bengaluru, where it will build satellites weighing 50-250 kg for customers in Sweden and France. "We can fully integrate satellites at around 30% lower costs (than in the West)," it said.