ISRO Masters The Science Of Moneymaking: Earns Rs 6,289 Crore By Launching 239 Satellites In Three Years

The Indian Space Research Organisation’s (ISRO) commercial arm Antrix Corporation has earned revenue of Rs 6,289 crore by launching 239 satellites, the government informed Parliament on Wednesday (24 July). Minister of State Jitendra Singh presented the facts in reply to a question posed in Lok Sabha, reports Livemint.

Singh added that the government has already set up a nodal agency known as New Space India Limited (NSIL) to commercially exploit research and development (R&D) work of ISRO.

The agency was set up on 6 March 2019 under the administrative control of the Department of Space (DoS), and will also help meet the ever-increasing customers and partners for the Indian space programmes along with making a mark in the global space market.

Of late, ISRO has witnessed an increase in its foreign customers. This is due to having a reputation for carrying out missions like Mangalyaan at unbelievably low budget of Rs 450 crore. The recent successful launch of Chandrayaan-II, which was carried out at a budget of Rs 978 crore adds to the cause.