ISRO Earned $4.5 Million, 76.5 Million Euros in Last 2 Years

Indian Space Research Organisation’s commercial arm Antrix Corporation Limited (Antrix) has earned a foreign exchange of 76.5 Million Euros and $4.5 Million from foreign countries through launching of their satellites on-board PSLV.

Union Minister of State (Independent Charge) for Space Jitendra Singh in written reply to a question in Rajya Sabha on Wednesday, March 15, 2017, informed the House that the spare capacity available onboard PSLV, after meeting the national requirements, is provided for commercial launch services.

He said ISRO will continue to make available the spare capacity available on its launch vehicles for commercial launch services through Anrix.

Indian Space Research Organization (ISRO) on February 15, 2017, successfully launched 104 satellites, in a single launch, onboard India’s Polar Satellite Launch Vehicle “PSLV-C37’ on February 15, 2017 from Satish Dhawan Space Centre (SDSC), Sriharikota.

These satellites include- (i) India’s Cartosat-2 Series Satellite (weighting 714kg) as primary payload, (ii) two Indian Nano-Satellites viz. INS-IA&IB(together weighing 18.1 kg) and (iii) 101 foreign nano-satellites together weighing 645.9 kg) from six counties as co-passengers.

This was the 38th successful PSLV mission in a row, which has once again demonstrated the versatility and reliability of the PSLV vehicle. While PSLV has already established itself as a preferred launch vehicle, in its class, in the global satellite market.

“This mission is expected to further strengthen the commercial footprint of PSLV in the global market for launch services, especially for smaller satellites,” said the minister.