Govt Grants Approval Of Rs 10,900 Crore For 30 PSLV, 10 GSLV Mk III Rocket Launches

| June 7 , 2018 , 09:17 IST

In a further boost to India's widely successful space programme, the Union Cabinet on Wednesday granted financial approval of Rs 10,911 crore for the launch of 30 PSLV and 10 GSLV Mk III rockets over the next 4 years.

"With the Cabinet approval of Rs 4,338 crore for 10 launches of Isro's heaviest rocket GSLV Mk III (Isro's fat boy) in the next four years, we will be able to launch heavier satellites weighing over 4 tonne. This will be a big leap forward in space technology as we don't have to depend on foreign spaceports for launching heavier satellites," minister of state in PMO Jitendra Singh said.

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"This GSLV Mk III programme has materialised and evolved in the last three to four years under the Modi government. It is in keeping with the Make-in-India programme and is totally an indigenous mission. With this GSLV programme, Isro will also be able to launch not only mini satellites of foreign countries but also foreign satellites of over 4 tonne weight," he said.

"The Cabinet has also given clearance for 30 launches of PSLV rockets + with the financial sanction of Rs 6,573 crore," said Singh.

"Besides other space missions, India should look forward to the upcoming Chandrayaan-2 launch in October-November as it will be a significant achievement in space programme for the country," the minister said.

The nation's space programme under the Indian Space Research Organisation (ISRO) has been lauded world-wide, for its advanced technology and its cost effectiveness.

While the ISRO Mars mission 'Mangalayaan' launched in 2013 was cheaper than Hollywood space movie 'Gravity' made in the same year, India's second mission to the moon Chandrayaan -2 is cheaper than Hollywood hit film 'Interstellar'.