A total of 239 satellites were launched by ISRO’s commercial arm Antrix Corporation in the last three years, garnering revenue of Rs 6,289 crore, the government informed Parliament on July 24.
In reply to a question in Lok Sabha, the minister of state in the Prime Minister’s office Jitendra Singh said the government has already set up NewSpace India Limited (NSIL) under the administrative control of Department of Space (DOS) on March 6, 2019 to commercially exploit the research and development work of Indian Space Research Organisation (ISRO) centres and constituent units of DOS.
He said that the NSIL was set up to meet the ever-increasing demands of Indian space programme and to commercially exploit the emerging global space market.
“A total of 239 satellites were commercially launched by Antrix Corporation Limited during the last three years. The total revenue from operations during the last three years is Rs 6289.05 crore,” he said.
Source: MC
Image Courtesy: Indian Bureaucracy
You may also like
-
India’s Strategic Rise Through Free Trade Agreements: Achievements and Impact (2025–26)
-
Reforming for Growth: How Policy Changes Are Transforming India’s Business Environment
-
India to Build First Riverine Lighthouses on Brahmaputra to Boost Inland Waterway Navigation
-
India Assures Energy Security Amid Rising Tensions in the Middle East
-
GPS Technology Transforms Fishing Livelihoods in Car Nicobar
