Do you know how much Isro makes from launching satellites?
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Isro's golden goose
Indian Space Research Organisation (Isro) scripted a new chapter in the history of space exploration by launching a record number of satellites in a single mission.
But do you know how much money India makes from Isro's satellite launching?
Image: ISRO
But do you know how much money India makes from Isro's satellite launching?
Image: ISRO
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Satellite launcher to money spinner
In a statement made in Lok Sabha, the government said that India made Rs 45.2 crore from the successful launch Catrosat 2E satellite and 30 nanosatellites on June 23.
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In the right track
According to a statement issued by the Department of Space, Antrix earned Rs 230 crore through “commercial launch services” in 2015.
Since 1999, Isro has launched more than 40 satellites for 19 countries.
Since 1999, Isro has launched more than 40 satellites for 19 countries.
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Scope in the future?
The global satellite launch market has been valued at Rs 36,000 crore and Isro has a puny 0.6% share in it.
With cheaper launch options and higher geostationary transfer orbit, Isro is all set to expand and take on bigger launch services providers.
With cheaper launch options and higher geostationary transfer orbit, Isro is all set to expand and take on bigger launch services providers.