Atomic Energy and Space Minister Dr Jitendra Singh has said that under the leadership of Prime Minister Narendra Modi, Indian Space Sector is emerging as a major foreign exchange earner through the launch of a large number of foreign satellites.
Dr Singh informed that so far, India has launched 385 foreign satellites. Out of these satellites, 353 were launched in the last eight years, which is around 90 per cent of all launches. He also informed that out of total 220 million Euros earned by launch of foreign satellites, 187 million Euros generated in the last eight years, which is around 85 per cent of forex earned by launch of European satellites.
The Minister said, it is a matter of great pride that ISRO through its commercial arms has successfully launched foreign satellites belonging to even advanced countries. In an interview to a channel, Dr Jitendra Singh said on New Space Policy, it is in the final stages as the Department of Space is in the process of establishing a predictable, forward-looking, enabling regulatory regime for space activities in the country, through a comprehensive, well-defined policy for the entire gamut of such activities. He said, many steps had already been taken since June 2020 after the unlocking of the Space Sector for private participation by the Modi Government. Dr Singh said, the New Space India Limited – a Public Sector Enterprise under Department of Space – has been empowered to bring a commerce-oriented approach to space activities.