updated on May 8th, 2019
India’s space programme contributes to the development of the economy in several ways.
- In Satellite Mapping, there has been a decline in the foreign exchange earnings in recent years, primarily due to free and open data policy adopted by many space agencies. India is negotiating with the customers for renewal of contracts.
- ISRO is pursuing a project to support ASEAN Member states including Myanmar to receive and process data from Indian remote sensing satellites (
Resourcesat-2 and Oceansat-2) and also to provide training in space science, technology andapplications for the benefit of the ASEAN member countries.
- Antrix (the marketing arm of the ISRO)
is currently enables(exports) direct reception and processing of data from Indian Remote Sensing (IRS) Satellites (namely Resourcesat-2, Oceansat-2 andCartosat-1) to the world community (through the International Ground Station). During 2017-18, Antrix has been working with various resellers across the globe for distribution of IRS data, including Europe, USA, Latin America, Africa andSouth Eastern Countries.
- By March 2017, PSLV had successfully launched 254 satellites. This includes 37 National Satellites, eight student satellites built by universities/academic institutions, one re-entry mission and 209 foreign satellites from 29 countries.
- Foreign exchange earnings of India from
exportof satellite launch services increased noticeably in 2015-16 and 2016-17 to Rs 394 crore. Consequently, India’s share in global satellite launch services revenue has also increased to 1.1 per centin 2015-16 (it was 0.3 per cent in the preceding year).
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