Home / Companies / News / Budget 2020: Space sector share up 8% to Rs 13,479 cr to develop space tech

Budget 2020: Space sector share up 8% to Rs 13,479 cr to develop space tech

In launch vehicles, Isro expects to fly its first small rocket with a carrying capacity of 500-700 kg in the next few months

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GSLV-MkIII-M1 rocket carrying Chandrayaan-2 lifts off from Satish Dhawan Space Centre, at Sriharikota in Nellore district of Andhra Pradesh | Photo: ISRO

T E Narasimhan Chennai

2 min read Last Updated : Feb 01 2020 | 5:10 PM IST

Finance Minister Nirmala Sitharaman on Saturday allocated Rs 13,479.47 crore for 2020-21, up by around eight per cent compared to last year's 2019-20 announcement. Major chunk of the expenditure is towards central sector schemes projects.

The increase in allocation comes on the back of new projects planned by the Indian Space Research Organisation (ISRO) including Chandrayaan 3, Gaganyaan (human space programme), small satellite launch vehicle (SSLV) development and a new space port in Tamil Nadu among others.

According to Demands for Grants, 2020-2021 Department of Space, Budget Revenue is estimated to be around Rs 5,704.20 crore, while capital

Topics : Expenditure Budget Budget estimates PSLV Nirmala Sitharaman Indian Space Research Organisation space funding Budget 2020 India space mission Isro GSLV ISRO GSLV Mk-III rocket Isro’s PSLV

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