At a time when the entire nation is basking in glory over the smooth take-off of Chandrayaan 2,  it has been  informed in the Parliament on Wednesday that a total of 239 satellites had been successfully launched by ISRO’s commercial arm Antrix Corporation in the last three years which had fetched a  revenue of  Rs 6,289 crore for the exchequer. This news is no doubt a new feather in the crown of this organization, which besides playing the vital role as an able implementer of the country’s cherished space missions is fast displaying the potential to emerge as a commercial powerhouse in the global space market. With an enviable track which has maximum success stories and  little  failures, ISRO has catapulted itself to a position which has attracted unbridled reverence not only in India, but also from all across the globe. It has already proved its superfine abilities in indigenous research & development and now if it taps  the commercial prospects  of space successfully, it can well emerge as a techno-commercial behemoth within no time.

There  is a popular notion that space science and the associated  endeavours are exclusively related to moon, sun, planets and all sorts of heavenly objects and are  beyond the realm of the ordinary man . But in reality there is more to it and  many of these missions  exert  impact on the lives of humans here on earth, almost round the clock, directly or indirectly.  There is a silent revolution in the making in space technology  and that  which are  transforming the quality of our lives  today  are the satellites. The entire telecommunication  marvels  whose immediate practical examples at hand are the internet, mobile  connectivity  and satellite TV,  which have altogether become bare necessities for us are the contributions  of  space science and technologies and  in the process a vast world of   business opportunities has also evolved,  exponentially expanding  and waiting to be tapped. And although it seems a pure science fiction stuff,  the speed through which  research & development  is  contributing to the advancements, experts  believe that  time is not that far when  the new frontiers in rocketry will  offer further  exciting  possibilities which might enable transportation  of  packages by rockets in a super quick time,  replacing  the  airplanes or trucks. The  global space industry is already  huge  with  an  annual  revenue generation of   $350 billion currently and  expected to cross  more than $1 trillion by 2040.

ISRO has made its intention clear that it wants to be a frontrunner in capturing the global  space market and with that objective,NewSpace India Limited (NSIL), which would remain  under the administrative control of the Department of Space and replace the Antrix Corporation,  has been formed.

And given  the  success- oriented  culture  which  ISRO   inculcates, it  can well be said that  success stories are also awaiting here too.   

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
Phone: 0360-2212313

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