According to a report submitted to parliament, the Indian government's space expenditure is still lagging behind that of key players in the sector, such as the United States, which spent about 13 times India in 2018.
The Indian Space Research Organization (ISRO) plans to launch at least 50 medium and heavy satellites into orbit over the next five years. These launches include the polar satellite launch vehicle, considered one of the most reliable rockets in the world and the workhorse of the Indian space program.
"ISRO has provided $ 1.6 billion for PSLV and $ 870 million for Geosynchronous Satellite Launch Vehicle (GSLV)," said Haridas TV, deputy director of the Vikram Sarabhai Space Center, while attending the panel discussions at EDGE 2020, The Space Conclave. on Friday. GSLV can bring satellites weighing more than 3500 kg into geosynchronous transfer orbit.
The agency also plans to launch a low-cost satellite launch vehicle, the Small Satellite Launch Vehicle (SSLV), which can put satellites weighing 500 kg into orbit. ISRO, which earns around $ 40 million annually from the launch of small satellites, wants to increase sales by launching satellites for foreign customers.
Since the small rocket can be assembled in three days, ISRO hopes for 50-60 starts a year.
The Indian government's space spending has increased in recent years due to ambitious missions, including a manned mission in 2022, a third moon mission, and others. However, India lags behind key players in the space sector, such as the United States, who spent 13 times more than India in 2018.
"China, which has become a major player in the space sector in recent years, spent about seven times more money in 2018 than India," the Ministry of Finance said.
India has made efforts to improve the performance of countries such as the U.S., Russia, and China that dominate satellite launch services with 20, 31, and 39 satellites launched in 2018.