An ambitious space technology involving the launch of 328 satellites in 33 countries is paying up by giving India millions worth of revenue.
India’s Union Minister of State for Development of North Eastern Region Dr Jitendra Singh on Wednesday, February 10, revealed that the country’s project was succeeding after the long wait.
A statement from the Indian Embassy in South Sudan revealed that the country had earned $ 25 million and 189 million Euros in the project.
Dr Singh said that Rs 900 crore (equivalent of $123 million) had been pumped into the project through the Indian Space Research Organization (ISRO) for the financial year 2020-2021.
The country’s department of space said the initiative will be driven by the local brains to test the capacity of handling such projects.
“ISRO is striving towards achieving Atmanirbharta in the field of capacity development in launching satellites; therefore, no policy is envisaged for seeking foreign cooperation in this direction,” Department of Space said in a press release.
Singh said the ISRO facilities are aimed at testing the capacities of the Indian industries and academia in handling the space systems.
The UR Rao Satellite Centre, ISRO, has so far tested satellites from M/s. Space Kidz India and M/s. Syzygy Space Technologies.
To strengthen the project, the Indian government is using the Indian National Space Promotion and Authorisation Center (IN-SPACe) to monitor the private sector and maximise on the project to support security surveillance.
Currently, another launch is scheduled for February 28 at Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota.
This is part of the plan by ISRO PSLV-C51 to launch Brazil’s Amazonia-1 as the primary satellite and 20 co-passenger satellites aboard PSLV-C51.
