ISRO Earned Rs 45 Crore From Launch Of 29 Foreign Nano Satellites In June

On 23 June, the Indian Space Research Organisation (ISRO) had successfully launched 30 satellites, along with the Cartosat 2, from Sriharikota. It has now come to light that the 29 foreign nano satellites launched that day fetched ISRO €6.1 million (~Rs 45 crore).

The Prime Minister’s Office shared this information in Lok Sabha today (19 July) in response to a question raised by members of Parliament Rajeev Satav and P R Sundaram.

The PSLV-C38 rocked carried a Cartosat 2 series satellite and 30 co-passenger nano satellites; of the 31 that were launched on 23 June, two satellites were Indian and the remaining 29 belonged to other countries.

The foreign satellites were launched as part of an arrangement between Antrix Corporation Limited, a Government of India company that functions as ISRO’s commercial arm, and international customers from 14 countries, namely Austria, Belgium, Chile, Czech Republic, Finland, France, Germany, Italy, Japan, Latvia, Lithuania, Slovakia, the United Kingdom and the United States (US).

ISRO is sought-after globally for satellite launches because its missions are cost-effective. Malavika Vyawahare of the Hindustan Times has reported that over 200 foreign satellites have been launched by ISRO thus far, including the 101 satellites launched in February this year.

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