ISRO Earns 6.1 Million Euros from 29 Nanosatellite Launches on June 23 (Download PDF)

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The Indian Space Research Organization’s (Isro+) commercial arm Antrix earned 6.1 million euros from the launch of 29 Nano satellites from 14 + countries on June 23, adding to the 157 million euros it earned from foreign launches in the last four years. While the space agency has launched 130 satellites in the first six months of 2017, all the foreign satellites it has launched have been small in size.

Structure of Indian Space Research Organization’s

Structure of Indian Space Research Organization’s

Structure of Indian Space Research Organization’s

  • Aim to to provide Antrix with at least two complete launch vehicles per annum in a few years.
  • Presently Antrix only sells additional space available on launch vehicles to foreign customers.
  • In this launch, India’s Cartosat-2 was the main cargo.
  • Satellites belonged to Austria, Chile, Belgium, France, Finland, Czech Republic, Germany, Italy, the USA, Latvia, Lithuania, Slovakia, and the UK.
  • Revenue earned through foreign satellite launches is only 10 % to 20 % on an average. About 80 % of ISRO’s revenue comes from other services, with transponder leasing and satellite communication business contributing the highest. Small revenue also comes from ground station services abroad.

About ISRO

  • Indian National Committee for Space Research (INCOSPAR) set up by the Government of India in 1962 with vision of Dr Vikram Sarabhai
  • INCOSPAR set up the Thumba Equatorial Rocket Launching Station (TERLS) in Thiruvananthapuram for upper atmospheric research
  • Indian Space Research Organisation, formed in 1969, superseded the erstwhile INCOSPAR.
  • Vikram Sarabhai provided ISRO direction to function as an agent of development
  • One of the six largest space agencies in the world.
  • ISRO maintains one of the largest fleet of communication satellites (INSAT) and remote sensing (IRS) satellites
  • PSLV is the favored carrier for satellites of various countries due to its reliability and cost efficiency, promoting unprecedented international collaboration.
  • The Geosynchronous Satellite Launch Vehicle (GSLV) was developed for heavier and more demanding geosynchronous communication satellites.
  • ISRO has dedicated research centers and autonomous institutions for remote sensing, astronomy and astrophysics, atmospheric sciences and space sciences under the aegis of Department of Space.
  • ISRO is developing of heavy lift launchers, human spaceflight projects, reusable launch vehicles, semi-cryogenic engines, single, and two stage to orbit (SSTO and TSTO) vehicles and working on use of composite materials for space applications.

- Published/Last Modified on: August 5, 2017

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