The achievements of the Indian Space Research Organization (ISRO) in the year 2017 reach to new heights and it opens the gateway of business opportunities in space. While analyzing the data over the past few years, the performances and the achievements of the ISRO has managed to raise the bar level consistently.
Achievements of ISRO in 2017
The year 2017 has been a lucky charm for the Indian Space Research Organization (ISRO), they successfully launched the record payload of 104 satellites by its PLSV C37 launching Vehicle and also few days ago ISRO’s successfully starts its operation of its heaviest rocket GSLV Mark III. Owing to that, ISRO secures the contract of several countries and companies to launch satellites into space.
And in terms of financial records, the ISRO’s profit seems to be facing consistent growth over the past few years. When compared with the profit margin during the financial years of 2014-15 and 2015-16 ISRO gained slight highness and the current financial year it is expected that the margin will reach its new highness.
Announcement from ISRO Chairman
AS Kiran Kumar the chairman of the ISRO has recently exclaims that the organization successfully completed 9 missions during the year 2016 and the numbers will be increased in upcoming years to 18-24 per year. That clearly pictures the commercial arm of ISRO, moreover, the official statement quotes that ISRO bags 400 crore deal and also talks are going on to seal orders worth of 500 to 600 crores.
Speciality of ISRO
When compared with other space launching vehicles, the ISRO manages to complete the mission at very cheap rates. As per the data compared ISRO’s PSLV launching vehicle costs about $15 million, however, the same PLSV from SpaceX costs around $60 million and more importantly ISRO proves its ability to launch heavy satellites into higher orbits.
While analyzing the facts and track records of ISRO in the year 2017, the space agency of India has bright future.