ISRO has signed agreements with four countries for launching foreign satellites during 2021-2023, Union Minister Atomic Energy and Space Jitendra Singh said on Thursday.
In a written reply in the Rajya Sabha today, he informed that about 132 Million Euros would be earned through launching these foreign satellites on a commercial basis.
ISRO through its commercial arm, New Space India Limited (NSIL), a Government of India company under the Department of Space (DOS), has been launching satellites belonging to other countries on-board Polar Satellite Launch Vehicle (PSLV), on a commercial basis.
NSIL as on date has signed six launch service agreements with customers from four countries for launching foreign satellites into space on-board PSLV during 2021-2023. A total number of 124 indigenous satellites have been put into the earth’s orbit, including 12 student satellites.
In another written reply, Jitendra Singh informed that starting from 1999 till date, a total of 342 foreign satellites belonging to 34 countries have been successfully launched on board Indian Polar Satellite Launch Vehicle (PSLV) on a commercial basis.
The Minister said that through launching of foreign satellites on-board Indian launch vehicles, India has earned foreign exchange revenue of about 35 million USD and ten million Euros during the last three years.