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).