NEW DELHI: The Antrix, commercial arm of Indian Space Research Organization (ISRO), has earned Rs 4,408.07 by providing different professional services to its national and international clientele in the past 22 years.
Besides, the ISRO also launches satellites of foreign countries on commercial basis under contract between respective foreign customer and Antrix.
The ISRO has, so far, launched 40 satellites from 19 foreign countries. The income generated through launch of these satellites is 50.47 million and $17.17 million.
"The government is generating income through various satellite launch missions by providing services on commercial basis through Antrix Corporation Limited (Antrix)", said the minister of state for science and technology Jitendra Singh.
In written response to a Parliament question in Rajya Sabha, Singh said, "These services include marketing and direct reception of data from Indian Remote Sensing Satellites to national and international clientele and leasing of satellite transponders on-board INSAT/GSAT satellites".
He said that the income generated by Antrix, since 1992, for providing the above services was Rs 4,408.07 Crores.
The minister also informed the Upper House that expanding the data and direct reception services of Indian Remote Sensing Satellites to international clientele, enhancing leasing of satellite transponders to Indian customers, increasing launch services for foreign satellites on-board Indian launch vehicles, and enhancing marketing of satellites and sub-systems are some of the action plans of the ISRO for future.
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ISRO earns over Rs 4,400 crore by providing services to its clientele in past 22 years
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