Indian Economy News

Union Minister Dr. Jitendra says, ISRO through its commercial arms has successfully launched 177 foreign satellites belonging to 19 countries during the last five years

The Union Minister of State Science and Technology, and Minister of State Earth Sciences, Dr. Jitendra Singh said that the Indian Space Research Organisation (ISRO), through its commercial arms has successfully launched 177 foreign satellites belonging to 19 countries during the last five years.

He stated that from January 2018 to November 2022, satellites have been launched for countries like Australia, Brazil, Canada, Colombia, Finland, etc., and informed that forex generated through this is approximately US$ 94 million.

Some comprehensive reforms in the space sector were announced in June 2020 to enhance the participation of Non-Governmental Entities (NGEs), the result of which was reflected in the heaviest commercial launch by India in the form of LVM3 which carried 36 OneWeb satellites.

Over the past five years, the government has taken various measures to strengthen the space program in order to take it to greater heights. Significant progress has been made in the development and realization of space systems catering to earth observation, satellite communication, and space science.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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