ISRO earns Rs 1 bn by launching foreign satellites

The Indian Space Research Organisation (ISRO) has earned over Rs 1 billion in the last three years by launching foreign satellites. And much of this has come from Israel and Italy.

The Indian Space Research Organisation (ISRO) has earned over Rs 1 billion in the last three years by launching foreign satellites. And much of this has come from Israel and Italy.

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“Twelve satellites were launched for other countries during the last three years including six nano-satellites during the current year,” Science and Technology Minister Prithviraj Chavan informed the Lok Sabha on Wednesday.

The minister said Indonesia, Argentina, Italy, Israel, Canada and Germany were the key countries taking the help of ISRO in sending their satellites on a commercial basis.

In the last three years, the space agency had earned over a billion rupees.

Israel paid a whopping Rs 548 million for commercial launches. It has also earned Rs 407 million from Italy. While the earning from Indonesia is Rs 13 million, ISRO got Rs 20 million from Canada.