By Launching 239 satellites, ISRO Earned Rs 6,289 crore

Chandrayan 2
Chandrayan 2
Nagpur: ANTRIX Corporation, the commercial arm of Indian Space Research Organisation (ISRO), launched 239 satellites earning Rs 6,289 crore revenue, the Government informed the Lok Sabha on Wednesday. Replying to a question, Minister of State in Prime Minister’s Office (PMO) Jitendra Singh also said the Government had set up NewSpace India Limited (NSIL), which would replace the Antrix Corporation.
NSIL, under the administrative control of the Department of Space (DoS), will commercially exploit research and development work of the ISRO and other DoS units. NSIL had been set up to meet the ever-increasing demands of the Indian space program and to commercially exploit the emerging global space market, he added. It would spur Indian industries’ growth in the space sector and enable them to scale up manufacturing and production base, he said.
Presenting the Union Budget for 2019-20 earlier this month, Finance Minister Nirmala Sitharaman had said India had emerged as a major space power with the technology and ability to launch satellites and other space products at low cost. NSIL would spearhead the commercialization of various space products, including launch vehicles and technologies, she said.

WITH the Chandrayaan-2 rover expected to soft-land on the lunar surface in September, a live show from ISRO has been planned on the D-Day by the National Geographic, the network said on Wednesday. India on Monday successfully launched the ambitious mission on-board its powerful rocket GSLV-MkIII-M1 from a spaceport in Sriharikota to explore the uncharted south pole of the moon. The rover’s soft landing is planned for September 7. “The live show, scheduled in September, will slowly drum up the excitement by giving the viewers deeper insights into the historic moment,” the National Geographic said in a statement.