Representative Image [credits - Pexels]

Indian space agency ISRO's commercial arm, New Space India Limited (NSIL), has signed six agreements with four countries for launching foreign satellites during 2021-2023.

With these foreign satellites launches, about 132 million Euros (about US$148.88) would be earned on a commercial basis. NSIL as on date has signed six Launch Service Agreements with customers from four countries for launching foreign satellites into space on-board PSLV during 2021-2023.

A total number of 124 indigenous satellites including 12 student satellites have been put into Earth's orbit.

The information was conveyed in Rajya Sabha by Dr Jitendra Singh, who is Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space.

He informed that from 1999 till date, a total of 342 foreign satellites belonging to 34 countries have been successfully launched on board Indian Polar satellite Launch Vehicle (PSLV) on a commercial basis. 

The Minister said that through launching of foreign satellites on-board Indian launch vehicle, India has earned a Foreign Exchange revenue of approx. 35 Million USD and 10 Million Euros during last 3 years (i.e., 2019- 2021).The type of foreign satellites that were launched through Indian Launch Vehicle includes satellites primarily for Earth Observation, Scientific and Technology demonstration purposes.


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