ISRO earns ₹1,100 crore in five years from foreign launches: The Indian Space Research Organisation (ISRO) had earned approximately ₹1,100 crore in the last five years from the launch of foreign satellites, Minister for Space Jitendra Singh, told Rajya Sabha on Thursday in response to a query.
December 2022 Current Affairs Quiz
In the last five years, January 2018 – November 2022 ISRO, via its commercial arms, successfully launched 177 foreign satellites from 19 countries — Australia, Brazil, Canada, Colombia, Finland, France, Israel, Italy, Japan, Lithuania, Luxembourg, Malaysia, Netherlands, Republic ofKorea, Singapore, Spain, Switzerland, United Kingdom and the United States.
oto Credit: B. Velankanni Raj
The Indian Space Research Organisation (ISRO) had earned approximately ₹1,100 crore in the last five years from the launch of foreign satellites, Minister for Space Jitendra Singh, told Rajya Sabha on Thursday in response to a query.
In the last five years, January 2018 – November 2022 ISRO, via its commercial arms, successfully launched 177 foreign satellites from 19 countries — Australia, Brazil, Canada, Colombia, Finland, France, Israel, Italy, Japan, Lithuania, Luxembourg, Malaysia, Netherlands, Republic ofKorea, Singapore, Spain, Switzerland, United Kingdom and the United States.
In July, Mr. Singh had said that ISRO had earned — over its lifetime — $223 million (~ ₹1,830 crore) from launching foreign satellite aboard the Polar Satellite Launch Vehicles (PSLV)
The latest figures include revenue from PSLV and launches aboard the Geo Synchronous Satellite Launch Vehicle (GSLV-MkIII, now renamed as LVM-3) launchers under commercial agreements. According to the Minister’s written response, these flights brought in $94 million and €46 million for the organisation, which translate to almost $1,100 crore in today’s rupees.
Under commercial agreement, ISRO launched these satellites on-board PSLV and GSLV-MkIII.
