Antrix earned over 80 million Euros through foreign satellite launch between January 2013 and December 2015

New Delhi: Antrix, the commercial wing of Indian Space Research Organization, earned revenue of 80.6 Million Euros through launching of 28 international customer satellites. 

The Cryogenic Rocket Development Programme is funded by the Government, Minister of State for Space Dr Jitendra Singh told Parliament today. 

During the last three years starting from January 2013 until December 2015, a total of 28 International customer satellites belonging to nine countries were launched – Austria (two), Canada (five), Denmark (one), France (one), Germany (one), Indonesia (one), Singapore (one), United Kingdom (six), and United States (four).

These satellites were launched onboard India’s Polar Satellite Launch Vehicle (PSLV) under the commercial arrangement entered into between Antrix Corporation Limited (Antrix), the commercial arm of ISRO and the international customer.

A leading space company from the United States is under initial phase of discussion with Antrix to utilise India’s Geosynchronous Satellite Launch Vehicle (GSLV) launch services for one of its communication satellite.

Entities from other countries that have shown interest in utilising GSLV launch services include space agencies/ companies from Canada, France, Republic of Korea and Turkey.