India earns $100 million by launching 45 foreign satellites: Government [ Current Affairs ]


About Satellite: A satellite is defined as “a non-natural object which has been purposefully placed into orbit of the Earth”. According to ISRO, India had launch four foreign satellites in 2014-15 in the Earth’s lower orbit using its workhorse polar rocket, which are:

  • Commercial arm Antrix Corporation signed agreements with a British firm and a Singapore agency launched their spacecraft onboard our polar satellite launch vehicle (PSLV).
  • A subordinate of the Surrey Satellite Technology Ltd. launched its three 350-kg disaster monitoring satellites and ST Electronics (Satcom and Sensor Systems) Pte. Ltd. Singapore launched its 400-kg TeLEOS-1 earth observation satellite.
  • India has earned near about 100 million US dollars by launching 45 commercial foreign satellites from 19 countries.
  • The profit was earned by Antrix, the commercial arm of the Indian Space Research Organisation (ISRO) and this is explained by Jitendra Singh who is Minister of Union Science and Technology.

The further announcement:

  • This revenue from the commercial space missions will further grow with launch of 28 more foreign satellites between 2015 and 2017.
  • Antrix has signed agreements with six countries like Algeria, Canada, Germany, Indonesia, Singapore and US.

Another launching of satellites:

  • ISRO has launched 72 indigenous satellites from Satish Dhawan Space Centre, Sriharikota in Andhra Pradesh using indigenous launch vehicles like Polar Satellite Launch Vehicle (PSLV).
  • ISRO also has successfully launched 4 micro and nano satellites built by students of Indian universities.
  • In future six indigenous satellites are also planned to be launched by March 2016.

- Published on: July 27, 2015