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ISRO launched 177 foreign satellites in last five years, earned $94B in revenue

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ISRO through its commercial arms has successfully launched 177 foreign satellites belonging to 19 countries during the last five years. In a written reply to a question in the Rajya Sabha, 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, Dr Jitendra Singh said, from January 2018 to November 2022, ISRO has successfully launched 177 foreign satellites belonging to countries like Australia, Brazil, Canada, Colombia, Finland, France, Israel, Italy, Japan, Lithuania, Luxembourg, Malaysia, Netherlands, Republic of Korea, Singapore, Spain, Switzerland, United Kingdom and USA, on-board PSLV and GSLV-MkIII launchers under commercial agreement. 

Singh informed that forex generated through launching of these 177 foreign satellites from January 2018 to November 2022 is approximately ₹94 million and €46 million.

Singh also said far-reaching reforms in the sector were announced in June 2020, with an intent to enhance participation of Non-Government Entities [NGEs] in the sector and bring in a commerce-oriented approach to space activities—all steps towards enhancing the nation’s share in the global space economy.

The result of these reforms was reflected with the heaviest commercial launch by India in the form of LVM3, carrying 36 Oneweb satellites and the recent sub-orbital launch by an Indian Private entity—Skyroot Aerospace—which was the first such instance. Moreover, the creation of IN-SPACe as a single-window agency for the promotion and handholding of Non-Government Entities in conducting end-to-end space activities has resulted in a remarkable interest in the Start-up community, with 111 space-startups registered, as on date, on the IN-SPACe digital platform.

Over the last five years, Government has taken several steps to strengthen space program and 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. Multiple successful flights of operational launch vehicles, along with development, realization and testing of major technology elements of future launch vehicles, was seen during this period.

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