Blog By mariam | 26-07-19
Salman Khan Is All Set To Become Mama For The Second Time
If you thought that The Indian Space Research Organisation ( ISRO) was spending millions of Rupees on research and it’s space missions but is failing to deliver after their ever popular moon mission, then you need to change your thought.
ISRO has earned Rs. 610 crore from its space body launches in 2016-2017 and total of Rs. 1,157 crores from foreign launches in the last four years.
The commercial wing of ISRO has one launching vehicle and has already launched 130 satellites in the first half of 2017 with maximum Nano satellites.
ISRO created history by launching 29 nano satellites from other 14 countries in June itself. USA, Lithuania, Austria, Chile, Belgium, France, Finland, Czech Republic, Germany, Italy, Latvia, Slovakia and the UK are the foreign countries we are talking about.
Antrix Chairman and MD, S Rakesh said, “The revenue we earn through foreign satellite launches is only 10% to 20% on an average. About 80% of our revenue comes from other services, with transponder leasing and satellite communication business contributing the highest. A small percentage of revenue also comes from ground station services abroad.”
ISRO is planning to add 2 more launching vehicles. Presently, US is the biggest customer for Antrix.
It earned Rs 484 crores between 1990-2014 but has already earned more than 1,000 crores by ISRO through launching satellites.