Dept of space gets Rs 13.4k crore, up from Rs 11.7k crore; NSIL another Rs 1k crore

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Dept of space gets Rs 13.4k crore, up from Rs 11.7k crore; NSIL another Rs 1k crore

^{Published on 2025-02-01 07:02:19 - MSN}

The Department of Space (DoS) has received a significant boost in funding, with Rs 13,416.2 crore allocated for 2025-26, supporting ISRO projects and space technology advancements. Commercialisation is bolstered with investments in NewSpace India Limited,

The Indian Department of Space has been allocated a budget of Rs 13,400 crore for the fiscal year 2024-25, marking an increase from the previous year's Rs 11,700 crore. This budget includes an additional Rs 1,000 crore for NewSpace India Limited (NSIL), the commercial arm of the Indian Space Research Organisation (ISRO), aimed at enhancing its commercial space activities. The increased funding is part of India's broader strategy to bolster its space sector, which has seen significant achievements like the successful landing of Chandrayaan-3 on the lunar south pole. The budget also reflects the government's commitment to fostering private sector participation in space exploration and technology development, aligning with the vision to make India a leading player in the global space economy.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/topstories/dept-of-space-gets-rs-13-4k-crore-up-from-rs-11-7k-crore-nsil-another-rs-1k-crore/ar-AA1yeh7j ]

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Dept of space gets Rs 13.4k crore, up from Rs 11.7k crore; NSIL another Rs 1k crore