Cabinet Approves Rs 10,911 Crore For The Launch Of 30 PSLV And 10 GSLV Rockets In Four Years

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New Delhi: The Union Cabinet on Wednesday gave financial approval of Rs 10,911 crore for the launch of 30 PSLVand 10 GSLV Mk III rockets in the next four years. This has given a big boost to India's space programme.

"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.

He said, "This GSLV Mk III programme has materialised and evolved in the last three to four years under the Modigovernment. 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."

Singh said, "The Cabinet has also given clearance for 30 launches of PSLV rockets with the financial sanction of Rs 6,573 crore." He said private participation in Isro space programmes is also being encouraged recently.

"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.

Isro chairman K Sivan said, "It is the happiest moment for all of us in Isro. The Cabinet approval for the PSLV and GSLV rocket launches will give a big boost to our space programmes. The increase in satellite launches in the areas of communication, earth observation and navigation will not only be significant for our space agency but also benefit the common man."

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