How ISRO is Making Huge Profits from Launching Foreign Satellites !!
ISRO launched 177 foreign satellites from 19 nations in 5 years. Image credits: Hindustan times
The Indian Space Research Organisation (ISRO) is one of the leading space agencies in the world. It has a long history of successfully launching satellites, both for India and for foreign countries. In recent years, ISRO has been making huge profits from launching foreign satellites.
There are a few reasons for this. First, ISRO’s launch prices are very competitive. The cost of launching a satellite on ISRO’s Polar Satellite Launch Vehicle (PSLV) is about one-third of the cost of launching a satellite on a SpaceX Falcon 9 rocket. This makes ISRO a very attractive option for foreign countries that are looking to launch satellites on a budget.
Second, ISRO has a very high success rate. In its history, ISRO has successfully launched over 1000 satellites, with a success rate of over 95%. This gives foreign countries confidence that their satellites will be successfully launched when they use ISRO’s services.
Third, ISRO has a long history of providing excellent customer service. ISRO is known for its responsiveness and its willingness to go the extra mile to meet the needs of its customers. This has made ISRO a very popular choice for foreign countries that are looking to launch satellites.
As a result of these factors, ISRO is making huge profits from launching foreign satellites. In the financial year 2021-22, ISRO earned over $279 million from commercial launch services. This is a significant amount of money, and it is helping to boost India’s space industry.
In addition to the financial benefits, launching foreign satellites also has other advantages for ISRO. It helps to improve ISRO’s technology and expertise, and it gives ISRO access to new markets. It also helps to raise India’s profile in the global space community.
Overall, ISRO is making a significant contribution to the Indian economy by launching foreign satellites. It is helping to create jobs, boost exports, and improve India’s technological capabilities. ISRO is a valuable asset to India, and it is playing an increasingly important role in the global space community.
Here are some additional details about how ISRO is making profits from launching foreign satellites:
ISRO’s commercial arm, NewSpace India Limited (NSIL), is responsible for marketing and selling launch services to foreign customers.
NSIL offers a variety of launch options, including the PSLV, the Geosynchronous Satellite Launch Vehicle (GSLV), and the Small Satellite Launch Vehicle (SSLV).
The PSLV is ISRO’s most popular launch vehicle for foreign customers. It is a reliable and cost-effective rocket that can be used to launch a variety of satellites into different orbits.
The GSLV is a more powerful rocket that can be used to launch heavier satellites into geosynchronous orbit.
The SSLV is a new launch vehicle that is specifically designed for launching small satellites. It is a low-cost rocket that is ideal for customers who are looking to launch multiple satellites into orbit.
ISRO is constantly developing new launch vehicles and technologies. This is helping to keep its launch prices competitive and to meet the needs of its growing customer base. As a result, ISRO is well-positioned to continue to make significant profits from launching foreign satellites in the years to come.
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