India’s space agency, ISRO, through its commercial arms has successfully launched 177 foreign satellites belonging to 19 countries between January 2018 to November 2022.
Between January 2018 to November 2022, India’s space agency ISRO has successfully launched 177 foreign satellites belonging to countries like Australia, Brazil, Canada, Colombia, Finland, France, Israel, Italy, Japan, Lithuania, Luxembourg, Malaysia, Netherlands, Republic of Korea, Singapore, Spain, Switzerland, United Kingdom and USA, on-board PSLV and GSLV-MkIII launchers under commercial agreement. These launches generated a foreign exchange of approx. 94 million USD and 46 million Euro.
Towards enhancement of share in fast growing global space economy, India introduced reforms in the space sector in June 2020 aimed at promotion of participation of Non-Government Entities (NGEs) and bringing in commerce-oriented approach to space activities. Efforts resulted in heaviest commercial launch by India in the form of LVM3, carrying 36 OneWeb satellites and the suborbital launch by Skyroot Aerospace.
IN-SPACe, the single-window agency for the promotion and handholding of Non-Government Entities in space activities has resulted in a remarkable interest in the start-up community.
India has made significant progress in development and realization of space systems catering to earth observation, satellite communication and space science and is in position to offer commercial space services at very competitive rates to global space market.