Business News
Home > Business News
Over Rs 90 cr spike in Forex from satellite launch in FY19
TIWN
TIWN
PHOTO : TIWN
Chennai, Dec 13 (TIWN) The financial year 2018-19 saw a handsome Rs 91.63 crore spike in India's foreign exchange earnings from launching of foreign satellites.
According to the government, the Indian Space Research Organisation (ISRO) has earned Rs 1,245.17 crore during the last five years by launching satellites from 26 countries. During the fiscal 2018-19, the launch income was Rs 324.19 crore up from Rs 232.56 crore earned in 2017-18. Contracts with 10 countries namely the US, the UK, Germany, Canada, Singapore, The Netherlands, Japan, Malaysia, Algeria and France were signed in the last five years under commercial arrangements.
Add your Comment
Comments (0)
More Business News
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals