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DATE=5/7/99 TYPE=CORRESPONDENT REPORT NUMBER=2-249077 TITLE=INDIA/SATELLITE (L-O) BYLINE=ANJANA PASRICHA DATELINE=NEW DELHI CONTENT= VOICED AT: INTRO: INDIA WILL LAUNCH SATELLITES LATER THIS MONTH ON A COMMERCIAL BASIS. ANJANA PASRICHA REPORTS FROM NEW DELHI, THIS IS BEING DESCRIBED AS A MILESTONE FOR INDIA'S SPACE PROGRAM AS IT SIGNALS THE COUNTRY'S ENTRY INTO THE LUCRATIVE GLOBAL SPACE MARKET. TEXT: AT THE STATE-OWNED INDIAN SPACE RESEARCH ORGANIZATION, PREPARATIONS ARE ON TO LAUNCH THREE SATELLITES INTO ORBIT FROM A SINGLE ROCKET LATER THIS MONTH. TWO OF THE THREE SATELLITES INDIA WILL SEND INTO SPACE BELONG TO GERMANY AND SOUTH KOREA. THE THIRD IS AN INDIAN SATELLITE. THIS IS THE FIRST TIME INDIA IS LAUNCHING SATELLITES ON A COMMERCIAL BASIS. THE ROCKET THAT WILL LAUNCH THE SATELLITES HAS BEEN BUILT BY INDIAN SCIENTISTS. SPOKESMAN FOR INDIA'S SPACE ORGANIZATION, G. KRISHNAMURTHY, DESCRIBES THE EVENT AS A SMALL BUT SIGNIFICANT STEP TOWARD DEVELOPING THE COUNTRY'S SPACE INDUSTRY. ///INSERT KRISHNAMURTHY ACT/// TOGETHER ALL THE THREE SATELLITES ARE GOING TO BE PUT INTO 720 KILOMETER ORBIT. IT IS A MILESTONE BECAUSE FOR THE FIRST TIME WE ARE LAUNCHING MULTIPLE SATELLITES IN A SINGLE LAUNCH. SO FAR WE USED TO LAUNCH ONLY ONE SATELLITE AT A TIME. IT IS ALSO FOR THE FIRST TIME WE ARE LAUNCHING THESE TWO SATELLITES ON A COMMERCIAL BASIS. VERY SIGNIFICANT -- FOR THE FIRST TIME A MULTIPLE LAUNCH, OUR OWN LAUNCH VEHICLE, PLUS TWO COMMERCIAL LAUNCHES, THOUGH ON A SMALL SCALE. ///END KRISHNAMURTHY ACT/// INDIAN SPACE SCIENTISTS SAY THE LAUNCH OF THESE SATELLITES WILL PUSH INDIA INTO AN EXCLUSIVE CLUB OF WESTERN NATIONS, ALONG WITH RUSSIA AND CHINA, THAT EARN BILLIONS OF DOLLARS FROM THE LUCRATIVE GLOBAL SATELLITE LAUNCH MARKET. EXPERTS SAY INDIA PLANS TO OFFER COST EFFECTIVE SERVICES AT CHEAPER RATES THAN THOSE CHARGED BY DEVELOPED COUNTRIES. FOR DECADES, INDIA'S SPACE PROGRAM HAS FOCUSED ON PROVIDING SERVICES SUCH AS TELECOMMUNICATIONS AND WEATHER FORECASTING. BUT A FEW YEARS AGO, INDIA BEGAN TO EXAMINE HOW TO EXPLOIT THE BUSINESS POTENTIAL OF THE COUNTRY'S SPACE PROGRAM. THE SPACE AGENCY TOOK THE FIRST STEP IN THIS DIRECTION LAST MONTH, WHEN IT LEASED SERVICES ON ITS LATEST COMMUNICATIONS SATELLITE TO THE U.S. BASED CONSORTIUM, INTELSAT, FOR AN ANNUAL FEE OF 10 MILLION DOLLARS. (SIGNED) NEB/AP/LTD/KL 07-May-99 8:06 AM EDT (1206 UTC) NNNN Source: Voice of America .