Rs 90 cr spike in Forex from satellite launches

According to the government, the Indian Space Research Organisation (ISRO) has earned Rs 1,245.17 crore during the last five years by launching satellites from 26 countries.

During the fiscal 2018-19, the launch income was Rs 324.19 crore up from Rs 232.56 crore earned in 2017-18.

Contracts with 10 countries namely the US, the UK, Germany, Canada, Singapore, The Netherlands, Japan, Malaysia, Algeria and France were signed in the last five years under commercial arrangements.

In a reply to a question raised in Rajya Sabha, Union Minister for Atomic Energy and Space Jitendra Singh gave the data on Thursday.

ISRO Chairman K Sivan said Indian rocket Polar Satellite Launch Vehicle (PSLV) has lifted a total of 52.7 ton till date and out of that 17 per cent consists of customer satellites.

India has till date put into orbit 319 foreign satellites