ISRO earns US$ 279 mn in foreign exchange

The amount was earned by launching satellites for global client, through its commercial arms

July 28, 2022

The Indian Space Research Organisation (ISRO) has launched 345 foreign satellites from 34 countries on board Polar Satellite Launch Vehicle (PSLV)

Total revenue from foreign exchange earned through the launching of international satellites amounts to US$ 56 million

The latest PSLV mission called ‘PSLV-C53’ placed three Singaporean satellites into orbit

The PSLV-C53 is the second commercial mission for NewSpace India Limited (NSIL)

ISRO has earned US$ 279 million dollars in foreign exchange by launching satellites for global clients through its commercial arms, according to Union Minister Jitendra Singh.

ISRO has launched 345 foreign satellites from 34 countries on board the PSLV, in association with its commercial arms.

Total revenue from foreign exchange earned through the launching of international satellites amounts to US$ 56 million and about US$ 223 million. 

The latest PSLV mission, called ‘PSLV-C53’ placed three Singaporean satellites into orbit, namely DS-EO, NeuSAR and SCOOB-1. They were placed on June 30 through ISRO’s ‘Warhorse’ launch vehicle. 

The PSLV-C53 is the second commercial mission for NSIL, a Central Public Sector Enterprise under the administrative control of the Department of Space (DOS).

Recent Articles

India-Sweden trade poised to double if India-EU trade pact is finalised

December 3, 2025

According to Sven Ostberg, Consul General of Sweden, India and …

Read More

India’s seafood exports rise 11.6% despite US tariff hit

December 2, 2025

India’s seafood exports rose 11.6% year on year in April …

Read More

Putin to visit India in December for annual summit with focus on strategic ties

December 1, 2025

Russian President Vladimir Putin will undertake a State visit to …

Read More