ISRO generated $279 million in foreign exchange from satellite launches


Dr Jitendra SinghIndia’s minister of state for science and technology, told parliament that the launch of foreign satellites by the Indian Space Research Organization (ISRO) grossed $279 million in foreign exchange. Antrix, the commercial arm of ISRO, earned this money by launching 345 foreign satellites from 34 different countries. 56 million of these winnings were paid out in dollars, while 223 million were paid out in euros (220 million euros). There are 2,226 crore rupees in total.

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KEY POINTS:

  • The first nations to use ISRO’s services to launch satellites were Germany and South Korea.
  • After 2015, 83% of international launches took place.
  • US spacecraft account for 66% of ISRO’s international launches, which also includes non-government satellites.
  • The Polar Satellite Launch Vehicles (PSLV) of ISRO were used to launch each of these spacecraft.
  • Since 1975, the Indian government has launched 342 foreign spacecraft in addition to 129 domestic ones, illustrating the success of ISRO’s commercial satellite program.

Countries that have used the ISRO Launchpad:

  • Germany was the first nation to use Indian services to launch a satellite, and since then ISRO has come a long way, launching a total of 345 foreign satellites.
  • In the 23 years since its groundbreaking debut, it has successfully launched 11 satellites for Germany.
  • Among the first nations to launch a satellite with ISRO was South Korea.
  • Compared to the US, UK and Canada, India has launched the most satellites, at least according to ISRO data up to January 2022.
  • About 83% of these international satellite launches took place after 2015.
  • In reality, the ISRO did not launch any satellites for the United States until 2015.
  • However, after that, there was no turning back for space cooperation between India and the United States because, according to K Sivanthe old ISRO Director, the United States accounts for 66% of all foreign satellite launches per ISRO.
  • ISRO launched many non-governmental satellites for the United States.
  • For the launch of foreign satellites on board the PSLV between 2021 and 2023, NewSpace India Limited (NSIL), India’s first space PSU, has already signed six launch contracts with customers from four different countries. NSIL started operating in 2019.

Important points to remember for all competitions:

  • President of ISRO: Dr K Sivan
  • Minister of State for Science and Technology: Dr Jitendra Singh
  • ISRO founding date: August 15, 1969
  • Founder of ISRO: Dr Vikram Sarabhai

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