News Headline
Transponder leasing yields Rs 7.5 bn for communication satellites
NEW DELHI: Communication satellites earned revenue of Rs 7.4668 billion through leasing of INSAT/ GSAT transponders in 2016-17.
Minister in the department of space Jitendra Singh told the Parliament that 15 of the 42 Indian satellites in space are used for communication.
Out of the others, four for meteorological observations, 14 for earth observations, seven for navigation, and two for space science purposes.
The annual income from sale of remote sensing satellite data is Rs 251.7 million.
The data and value added services derived from earth observation, meteorological, communication & navigation satellites are used to support various applications viz. resource monitoring, weather forecasting, disaster management, location based services, including societal applications.
The expenses to realise and launching of these satellites are less than those of other countries, the Minister said.
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