Header Ads

India Made Revenue of $254 Mn from Launching 328 Satellites from 33 Countries


Indian Space agency, ISRO, was allocated with Rs 900 Crore for the financial year 2020-21, for developing capacity for launching of satellites. In a written reply to a question in the Lok Sabha, Union Minister of Atomic Energy and Space, said that the Department of Space has been involved in launching satellites of foreign countries since long.

Total number of satellites launched till date is 328 from 33 different countries and the revenue earned till date is USD 25 million and 189 million Euros, which makes it about USD 254 million.

Superficially speaking, government of India had allocated about USD 124 million and earned revenue of US$ 254 making a profit of US$ 129.

Moreover, Government of India has established NewSpace India Limited (NSIL), a PSU under Department of Space to commercially launch satellites and become financially self-reliant.

ISRO is striving towards achieving Atmanirbharta in the field of capacity development in launching satellites; therefore, no policy is envisaged for seeking foreign cooperation in this direction.

In another related question, Dr Jitendra Singh said that ISRO facilities are extended to Indian industries and academia for testing their space systems. Satellites from M/s. Space Kidz India and M/s. Syzygy Space Technologies have undergone testing at UR Rao Satellite Centre, ISRO. 

He said, participation of private sector in space activities in India is expected to result in development of cutting edge Technologies, new applications & services. Overall it will make a bigger impact on space economy, he added.

The Minister said that Government has analysed the issues and concerns about national security while allowing Private companies to participate in space activities and appropriate measures have been taken by means of establishing Indian National Space Promotion and Authorisation Center (IN-SPACe), an independent nodal agency to authorize, monitor and regulate space activities in the country.

No comments

Powered by Blogger.