India sets eyes on global satellite launch market: Centre informs the Lok Sabha.
India is eyeing a share in the global Satellite launch market and has secured four dedicated launch service contracts with foreign customers the government told the Lok Sabha. "With the emergence of global broadband communication needs, NewSpace India Limited (NSIL) envisages launches of several of these foreign satellites onboard ISRO's SSLV, PSLV and GSLV-MkIII," Minister of State in PMO Jitendra Singh said in a written reply. The Small Satellite launch Vehicle (SSLV) is India's newest launch vehicle to put smaller satellites in low earth orbit. Its first developmental flight is expected in May. With such technological advancements India is sure to make progress in the field of astrophysics and surpass Russia and the US. Earlier this month ISRO had successfully carried out the ground testing of the newly developed solid booster stage (SS1) for SSLV.
The Indian team of scientists at ISRO had been working day and night to make the dream of universal victory come true. NSIL a central public sector enterprise under Department of Space has earned foreign exchange revenue of 35 million dollars and 10 million Euros during the last three years from 2019 to 2021 through launching satellites of various private and international agencies. NSIL has already launched 45 international customer satellites on-board ISRO's PSLV during the last three years and has secured four dedicated launch service contracts for foreign satellite customers. NSIL through participation in various international conferences and exhibitions is ensuring a better footprint of ISRO's expertise in building earth observation and communications satellites providing launch and mission support services including establishment of ground segments for foreign customers to ensure enhanced foreign exchange revenue earnings for the country.