India's share in the global satellite launch services revenue increased to 1.1 percent
in 2015-16, said the Economic Survey tabled in Parliament on Monday.
According to the Survey, the country's share in the global satellite launch services revenue
went up to 1.1 percent in 2015-16 from 0.3 percent in 2014-15.
The survey states that Antrix Corporation - the commercial arm of Indian Space Research
Organisation (ISRO) - foresees greater utilization of rockets like Polar Satellite Launch Vehicle
(PSLV), Geosynchronous Satellite Launch Vehicle (GSLV) and GSLV Mk-3 by the international
community for launching their Low Earth Orbit (LEO) satellites.
In the case of satellite launching, as on March 2017, PSLV successfully launched 254
satellites.
Foreign exchange earnings of India from the export of satellite launch services increased
noticeably in 2015-16 and 2016-17 to Rs 394 crore and Rs 275 crore from Rs 149 crore in
2014-15.
In a recent interview with IANS, ISRO Chairman K. Sivan said India will be using its own
rockets for launching communication satellites and reduce the use of satellite launch services
of foreign space launch pads for heavy missions.
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