India earned Rs.209 crore by launching five British satellites

Source: PIB, Government of India 

Revenue accrued by launching satellites The total value of the transaction agreement entered into between Antrix Corporation Limited, the commercial arm of Department of Space and DMC International Imaging (DMCii), a wholly owned subsidiary of Surrey Satellite Technology Limited (SSTL), UK for launch of 5 British Satellite’s viz. DMC3-1, DMC3-2, DMC3-3, CBNT-1 and De-orbitsail, is 28 million euros (Rs.209.41 crores). The total revenue of 28 million euros (Rs.209.41 Crores) has accurued to Antrix as these satellites have been launched under commercial agreement between Antrix Corporation Limited and M/s. DMCii. From 1999 till date, 45 foreign satellites from 19 countries have been successfully launched using PSLV under commercial arrangement between Antrix Corporation Limited and the foreign customer. The total revenue earned by Antrix through launching of these foreign satellites amounts to approx. $17 million and 78.5 million euros. This information was given by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Jitendra Singh, in reply to unstarred question in Rajya Sabha on Thursday. Private entities to manufacture space related equipment  The ISRO is making focused efforts to consolidate and enhance participation of Indian industries including private entities in the manufacture of space related hardware such as rocket engine & stages, propellant tanks, spacecraft structures, solar panels, thermal control systems etc., required for satellites and launch vehicles. It is envisaged that the industry will have enhanced contribution towards manufacture of standardised components as well as integrated systems /subsystems through appropriate consortium.  Ministry of Earth Sciences and Department of Space are collaborating for developing disaster mitigation techniques for accurate forecasting of cyclone track & intensity, heavy rainfall alerts, fog, inundation scenarios in the coastal areas and in establishment of Tsunami & Storm Surge Warning Centre and Doppler Weather Radars.  Taking note of advances in imaging capability with high spatial resolution, both at national and global level and prevailing security considerations, government has carried out an appraisal of the then existing RSDP 2001 and positioned new/revised RSDP 2011 with a view to ensure availability of high resolution data for developmental purposes. RSDP 2011, permits distribution of all satellite data of resolutions up to 1m (as compared to 5.8m in RSDP 2001) on a non-discriminatory and “as requested basis” to the user; and all data of better than 1m resolution after screening and clearance by the appropriate agency prior to distribution.  This information was given by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Jitendra Singh, in reply to unstarred question in Rajya Sabha on Thursday.

August 13, 2015 | 4:52pm IST.