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ISRO's Antrix launched 239 satellites in last 3 years, earned Rs 6,289 crore, says govt

Government has set up NewSpace India Limited (NSIL) under the administrative control of Department of Space (DOS) to commercially exploit the research and development work of ISRO

twitter-logo PTI   New Delhi     Last Updated: July 24, 2019  | 16:12 IST
ISRO's Antrix launched 239 satellites in last 3 years, earned Rs 6,289 crore, says govt
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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 Wednesday.

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.

Also read: How Chandrayaan-2 is different from Chandrayaan-1: A comparison between ISRO's lunar missions

Also read: India plans to create own space station, says ISRO chief K Sivan

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