India, July 23 -- The Government of India has issued a release:
2024-25
2023-24
2022-23
Launch Services
44,743.13
21,821.10
1,16,613.16
In the last 3 years (July 2023 to June 2026), India has successfully launched 12 launch vehicle missions, 11 national satellites and 9 satellites for international customers. Some of the significant milestones achieved during the period are as follows:
Department of Space has developed and operationalized four launch vehicles till date i.e. PSLV, GSLV, GSLV MkIII and SSLV, which are being utilized to launch satellites for earth observation, communication, navigation and space science & exploration along with commercial launch services for national/international customers.
Government has approved the establishment of Third Launch Pad at Sriharikota, Andhra Pradesh, for the Next Generation Launch vehicles of ISRO and also to function as a standby for the Second Launch Pad at Sriharikota. The SSLV Launch Complex (SLC) in Kulasekarapattinam, Tamil Nadu is also being developed as India's second rocket launch site, in order to cater to the launches of Small Satellite Launch Vehicle (SSLV) along with launches by private space start-ups and non-governmental entities. The existing two operational pads at Satish Dhawan Space Centre (SDSC) SHAR in Sriharikota i.e., First Launch Pad & Second Launch Pad along with the upcoming Third Launch Pad and SSLV Launch Complex provide sufficient launch capacity.
Further, in order to strengthen India's launch infrastructure and support the growing participation of Non-Government Entities (NGEs) in the space sector, the Government has also introduced several enabling measures, as under:
In addition to infrastructure development, IN-SPACe has introduced several policy reforms and incentive schemes to promote innovation, indigenous technology development, and private sector participation. These initiatives include financial support for startups and MSMEs, streamlined authorization processes, skill development programmes, technology commercialization, and the promotion of space manufacturing clusters to strengthen the domestic supply chain. Together, these measures are fostering a vibrant and globally competitive Indian space ecosystem
Revenue generated by M/s. NewSpace India Limited (NSIL) through launch services during the last three years (Audited Financials) are as below:
Revenue (in Lakhs)
ISRO has undertaken the development of various advanced technologies which will further expand India's global leadership such as:
Further, IN-SPACe has also developed a strategic roadmap to expand India's share in the global space economy. Under this vision, India's space economy is targeted to reach USD 44 billion by 2033. In order to achieve this objective, a set of strategic priorities and enabling capabilities has been identified, focusing on strengthening infrastructure, enhancing private sector participation, fostering innovation, promoting manufacturing, and creating a globally competitive space ecosystem.
This information was given by Union Minister of State for Prime Minister's office and Personnel, Public Grievances and Pensions, Atomic Energy and Space, Dr. Jitendra Singh, in a written reply in the Rajya Sabha today.
Disclaimer: Curated by HT Syndication.
