ISRO earns Rs 1100 crore by launching foreign satellites

New Delhi: According to the commercial agreements made with foreign countries, the satellites of those countries were launched by PSLV and GSLV-MkIII. The Indian Space Research Organization (ISRO) has successfully launched 177 satellites from 19 countries since January 2018 at a cost of around Rs 1,100 crore earned. ISRO earns Rs 1,100 crore by launching foreign satellites. ISRO earns Rs 1,100 crore by launching foreign satellites.

ISRO has launched satellites from Australia, Brazil, Canada, Colombia, Finland, France, Israel, Italy, Japan, Lithuania, Luxembourg, Malaysia, Netherlands, Republic of Korea, Singapore, Spain, Switzerland, United Kingdom and USA. According to the commercial agreements made with foreign countries, the satellites of those countries were launched by PSLV and GSLV-MkIII.

From January 2018 to November 2022, ISRO has successfully launched 177 foreign satellites, earning 94 million US dollars and 46 million Euros through foreign exchange. Minister of State for Central Space Department Dr. Jitendra Singh gave information in Rajya Sabha. The government took action in June 2020 for many visionary reforms in the space sector. He said that non-governmental organizations were also allowed to engage in space sector activities with commercial objectives.

Improvements in the space sector led to the launch of LVM3, consisting of 36 commercial satellites. Recently, private sector Skyroot Aerospace also enabled satellite launch, he said. ISRO recently successfully completed the first commercial launch of 36 broadband communication satellites. The launch of the heaviest rocket GSLV-MkIII was successful. For the first time in history, a GSLV rocket was used for a commercial launch.

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Actions were taken to allow space activities by non-governmental organizations through an in-space observation system. This has helped startups. The minister informed that around 111 startups have registered under this system.