ISRO To Launch 68 Foreign Satellites Next Year

Date: Aug 31, 2016 4:57 PM
Subject: ISRO To Launch 68 Foreign Satellites Next Year

> ISRO NEWS
>
> Indian Space Research Organisation (ISRO) is planning for the launch of a record 68 satellites in one year next year.
>
> We got fresh orders to launch 68 satellites from various countries, including 12 from PlanetiQ, a US-based weather
> forecasting satellite firm," said Rakesh Sasibhushan, Chairman and Managing Director of Antrix Corporation.
>
> Most of these satellites are nano-satellites and they will be launched within the next six months.
>
> We also got an order to launch a heavier earth observation satellite from an overseas customer, said Sasibhushan without naming the customer.
>
> ISRO, through Antrix has launched 74 foreign satellites so far, earning a revenue of $80.6 million in the last three years.
>
> Earlier this year, ISRO had created history, after it successfully launched 20 satellites, including its own
> earth observation satellite of the Cartosat-2 series, in a single mission.
>
> Sasibhushan added that with the increase in number of satellites across the world, the organisation has a huge market in the coming years.
>
> We estimate that about 2,500 satellites will be built in the next decade to meet the needs of countries and private
> customers for navigation, maritime, surveillance and other space-based applications.
>
> ISRO, however, will face competition from global players such as BlueOrigin, Firefly Systems, Rocket Lab
> and SpaceX, which are bracing up to offer cheaper satellite launch services from 2017
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