Department of Space
India launched 396 foreign and 70 domestic satellites during the period 2014-23 as compared to 33 and 31 satellites respectively during 2003-14, says Union Minister Dr Jitendra Singh
Budget allocated to Department of Space has almost doubled from Rs. 6,792 Crores for FY 2013-14 to Rs. 12,544 Crores for FY 2023-24: Dr Jitendra Singh
Posted On:
20 DEC 2023 7:21PM by PIB Delhi
The number of foreign and domestic satellites launched by India during period 2014-23 were 396 and 70 respectively, Union Minister Dr Jitendra Singh said today, while the number of foreign and domestic satellites launched by India during period 2003-13 were 33 and 31 respectively.
In a written reply in the Lok Sabha today, the Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, said the revenue generated from satellite launches during decade 2014-23 is USD157 Million and 260 Million Euros. The corresponding figure during decade 2003-13 were USD15 Million and 32 Million Euros, he said.
Dr Jitendra Singh said, annual Budget allocated to Department of Space has grown from Rs. 6,792 Crores for FY 2013-14 to Rs. 12,544 Crores for FY 2023-24.
As per various global estimates and news outlets, the sector is projected to grow at 6-8% in coming years, he said.
****
SNC/PK/LS2913
(Release ID: 1988862)
Visitor Counter : 1020