The prestigious Team Achievement Award of the International Academy of Astronautics (IAA) has been awarded to the team that successfully realized the Polar Satellite Launch Vehicle (PSLV-C7) mission by the Indian Space Research Organization (ISRO) as well as the team who deployed and recovered Space Capsule Recovery Experiment (SRE-1). The awardees included Mr. N. Narayana Murthy, Project Director, PSLV-C7 and included Mr. George Koshy, Vehicle Director, PSLV-C7, Cartosat-2 by Mr. M. Krishnaswamy, Programme Director, IRS, SRE-1 by Mr. A. Subramoniam and Ground support team by Mr. S. K. Shivakumar, Director, ISTRAC. The award was presented on September 28, 2008, at Glasgow, Scotland, during the Academy Day organized as part of the International Astronautical Congress (IAC). Teams honored in the past include the Space Shuttle Team, Hubble Space Telescope Team, the Solar Satellite Mission SOHO Team, and Mir Space Station Team. ISRO’s SRE-1 and PSLV Team were chosen by the Board of Trustees of IAA in March 2008 on the recommendations of IAA’s Awards Selection Committee.

Additionally, the ISRO is party to a signing of three agreements by the Prime Minister of India, Dr. Manmohan Singh, with France, all dealing with space issues. The first is a Framework Agreement outlining cooperation between the two governments in the exploration and use of space for peaceful purposes, including such activities as joint R&D projects, satellite instrumentation, the development of small satellites, weather and climate change study using EO sats, and the development of ground infrastructure for various satellite programs. The second agreement is a MoU between Indian Institute of Space Science and Technology (IIST) of the ISRO and Ecole Polytechnique (EP) in Paris for academic and research collaboration. And the third agreement signed between the ISRO and Astrium is to work on solutions for international markets for in-orbit delivery of the latter's earth observation satellites using the PSLV launch services offered by Antrix (the marketing arm of the ISRO). The latter agreement was signed by Dr. G. Madhavan Nair, the Chairman of ISRO/Antrix and Secretary Department of Space and Mr. Francois Auque, the CEO of Astrium.