The government has informed the parliament that the Indian Space Research Organisation (ISRO), through its commercial arm New Space India Limited (NSIL), has signed six agreements with four countries for launching foreign satellites during 2021-2023.
As per the government, about €132 million revenue is expected to be generated through the launch of these foreign satellites on a commercial basis.
NSIL has been launching satellites belonging to other countries on-board polar satellite launch vehicle (PSLV), on a commercial basis. Since 1999 till date, a total of 342 foreign satellites belonging to 34 countries have been successfully launched onboard PSLV on a commercial basis, the government informed the parliament.
The government also noted that through launching of foreign satellites on-board Indian launch vehicle, India has earned a foreign exchange revenue of approximately $35 million and €10 million during the last 3 years, from 2019 to 2021.
As per industry sources, a total number of 124 indigenous satellites have been put into Earth’s orbit including 12 student satellites.
