India earns $100 million by launching 45 foreign satellites: Government
India has earned about US 100 million dollars by launching 45 commercial foreign satellites from 19 countries.
The revenue was earned by Antrix, the commercial arm of the Indian Space Research Organisation (ISRO).
This information was given by Union Science and Technology Minister Jitendra Singh in a written reply in the Lok Sabha.
It was also announced this revenue from the commercial space missions will further grow with launch of 28 foreign satellites between 2015 and 2017. In this regard Antrix has signed agreements with six countries viz. Algeria, Canada, Germany, Indonesia, Singapore and US.
Apart from this, the minister also informed that ISRO has launched 72 indigenous satellites from Satish Dhawan space centre, Sriharikota in Andhra Pradesh using indigenous launch vehicles viz. Polar Satellite Launch Vehicle (PSLV). In addition, ISRO also has successfully launched four micro and nano satellites built by students of Indian universities. In future six indigenous satellites are also to be launched by Mach 2016.
Month: Current Affairs - July, 2015