India has earned about 100 million US dollars launching 45 foreign satellites till date and revenue from its commercial space missions is poised to grow with another 28 foreign satellites planned to be put into orbit between 2015 and 2017. This information was given by Science and Technology Minister Jitendra Singh in a written reply in the Lok Sabha today while providing details of revenue earned by Antrix – the commercial arm of the Indian Space Research Organisation (ISRO) – from launch of foreign satellites. <br/><br/>The Minister said Antrix has signed agreements for launching 28 satellites of six countries–Algeria, Canada, Germany,Indonesia, Singapore and the US during 2015-17. Till now, 45 satellites from 19 countries have been launched by the ISRO and the income generated through this amounts to around 17 million US dollars and 78.5 million Euros (85 million US dollars), he said.<br/><br/>He also informed that the government has sanctioned 15 smaller PSLV launchers worth Rs 3,090 crore which would be built during 2017-2020.
News On AIR | July 22, 2015 6:20 PM
India earns USD 100 million launching 45 foreign satellites