Isro’s PSLV turns money-spinner: Foreign exchange earnings rise by Rs 90 crore in ’18-19 | India Information

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Isro’s PSLV turns money-spinner: Foreign exchange earnings rise by Rs 90 crore in ’18-19 | India Information

NEW DELHI: Indian Space Research Organisation’s PSLV has become a money-spinner for the area company as foreign exchange introduced by the nation’s


NEW DELHI: Indian Space Research Organisation’s PSLV has become a money-spinner for the area company as foreign exchange introduced by the nation’s mainstay rocket elevated by Rs 90 crore from Rs 232.56 crore in 2017-18 to Rs 324 crore in 2018-19 fiscal 12 months.
Isro has earned Rs 1,245 crore over the last 5 years by launching international satellites from 26 nations. Key contracts with 10 nations — the US, the UK, Germany, Canada, Singapore, The Netherlands, Japan, Malaysia, Algeria and France — have been signed within the final 5 years below business preparations.
In monetary years earlier than 2017-18, the annual income figures simply hovered round Rs 200-crore-plus mark. In 2016-17, it was Rs 208 crore, Rs 227 crore in 2015-16 and Rs 252 crore in 2014-15.
The data was offered to the Rajya Sabha in a written reply by Union minister for division of area Jitendra Singh within the just-concluded winter session. Although Isro’s market share within the world satellite tv for pc launch market is lower than 2%, PSLV has carved a distinct segment for itself within the small satellite tv for pc launch market and bringing in massive moolah for the nation.
Since Might 26, 1999, when the primary international satellite tv for pc was launched by India, PSLV has until now launched 319 international satellites. Of the 319 satellites, which didn’t weigh greater than 445kg, round 279 have been launched within the final 5 years….



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