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Isro's satellite launcher turns into money-spinner
On Wednesday , the government said the launch of 29 satellites helped Antrix Corporation Ltd, the commercial arm of Isro, earn Rs 45 crore. (Representative Image)
NEW DELHI: Indian Space Research Organisation's rockstar Polar Satellite Launch Vehicle (PSLV), known for its exemplary track record of launching 209 satellites of 28 countries till now, is turning into a money-spinner.
On June 23 this year, PSLVC38 had launched 712-kg Cartosat-2 satellite along with 30 co-passenger satellites. Of the 30 satellites, 29 were from 14 other countries. On Wednesday , the government said the launch of 29 satellites helped Antrix Corporation Ltd, the commercial arm of Isro, earn Rs 45 crore (6.1million euros).
Before the June 23 multiple launch, Isro made the world record when its PSLV C37 launched 104 satellites in one go on February 15 this year. However, the space agency did not reveal how much it earned from that launch. Launching satellites is fast becoming a competitive industry -several companies like SpaceX's Falcon 9, Russia's Proton ULA, and Arianespace are big names in the space. But Antrix's competitive rates and Isro's expertise in launching nano satellites are helping it woo foreign customers.
During the 2015-16, Antrix through launches of foreign satellites earned Rs 230 crore, which is 0.6% of the global launch services market (estimated to be Rs 38,000 crore). From 2013 to 2015, Isro had launched 28 foreign satellites and helped Antrix earn revenue of 80.6 million euros (Rs 600 crore -according to today's exchange rate). Globally , the space industry is a $200 billion industry . Even though Antrix has a small piece of the big pie in the satellite market, it is on the track to make big profit in future.
http://economictimes.indiatimes.com...s-into-money-spinner/articleshow/59692697.cms
On Wednesday , the government said the launch of 29 satellites helped Antrix Corporation Ltd, the commercial arm of Isro, earn Rs 45 crore. (Representative Image)
NEW DELHI: Indian Space Research Organisation's rockstar Polar Satellite Launch Vehicle (PSLV), known for its exemplary track record of launching 209 satellites of 28 countries till now, is turning into a money-spinner.
On June 23 this year, PSLVC38 had launched 712-kg Cartosat-2 satellite along with 30 co-passenger satellites. Of the 30 satellites, 29 were from 14 other countries. On Wednesday , the government said the launch of 29 satellites helped Antrix Corporation Ltd, the commercial arm of Isro, earn Rs 45 crore (6.1million euros).
Before the June 23 multiple launch, Isro made the world record when its PSLV C37 launched 104 satellites in one go on February 15 this year. However, the space agency did not reveal how much it earned from that launch. Launching satellites is fast becoming a competitive industry -several companies like SpaceX's Falcon 9, Russia's Proton ULA, and Arianespace are big names in the space. But Antrix's competitive rates and Isro's expertise in launching nano satellites are helping it woo foreign customers.
During the 2015-16, Antrix through launches of foreign satellites earned Rs 230 crore, which is 0.6% of the global launch services market (estimated to be Rs 38,000 crore). From 2013 to 2015, Isro had launched 28 foreign satellites and helped Antrix earn revenue of 80.6 million euros (Rs 600 crore -according to today's exchange rate). Globally , the space industry is a $200 billion industry . Even though Antrix has a small piece of the big pie in the satellite market, it is on the track to make big profit in future.
http://economictimes.indiatimes.com...s-into-money-spinner/articleshow/59692697.cms
