ISRO Earned Rs. 6,289 Crore by Launching 239 Satellites in the Last Three Years

Jul. 25, 2019

Under the administrative control of the Department of Space (DoS), NSIL will commercially exploit the research and development work of ISRO and other DoS units, said Singh. NSIL had been set up to meet the ever-increasing demands of Indian space program and to commercialize the emerging global space market, he added. It would spur the growth of Indian industries in the space sector and enable them to scale up manufacturing and production base, he said.

The revenues from launching third-party satellites is apparently being put to good use by ISRO, which this week launched itslatest lunar mission, Chandrayaan 2, after a technical glitchled to the postponementof the scheduled liftoff by a week. The mission is set to explore the uncharted lunar south pole with the objective of mapping the availability of lunar water. A successful landing would make India only the fourth country after the US, China and the erstwhile USSR to achieve a soft landing on the surface of the moon.

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