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The Indian space industry very expectant of the budgetary allocations for this year

The Indian government developed the Indian National Space, Promotion & Authorisation Centre (INSPACe) to operate within the Department of Space. The purpose of this unit is to motivate and lead the private sector to delve into Space Programs. The government has wild goals for the space industry and its technology.

The PM has, in various instances, and also in the Mann Ki Baat radio talk show, expressed his desire to propel the space industry and its technology to unexplainable milestones. For instance, the government approved the amendments that the space industry was proposing to activate the private sector to venture space operations in the coronavirus pandemic period. Moreover, the government authorized the private sector to utilize the Indian Space Research Organisation (ISRO) resources and other facilities to advance their projects in space.

Currently, the ISRO boasts of collaborating with over 500 companies to conduct space operations. The finer areas and sectors that the private companies have been dealing with include the fabrication of materials, mechanical resources, electronic components, system development, and integration of the components, among others.

Moreover, the Centre appropriated Rs 13,479 crore for the facilitator space organization, ISRO, to ensure that it offers space technology to struggling space companies and to propel the country to develop more space utilities that will position it among the reputable space explorers. The ISRO is currently pushing three projects to ensure they are successful in the first half of this decade. The three projects are the Shukrayaan mission, the Gaganyaan mission, and the Mangalyaan-2.

Gaganyaan is the most valuable mission of the three because it will be initiating the country’s human flight space program. However, the ISRO allocated 30% to the Gaganyaan project, which is much less than the Rs 4,256.78 crore that the Department of Space had anticipated to go to the project. The actual cost that the experts projected this mission to take to deploy astronauts to space and returning them before next year’s Independence Day is Rs 10,000 crore.

However, the cost is rising with more delays as perpetrated by the coronavirus pandemic. Next, the Shukrayaan mission will be leaving Earth for Venus in the next three years. The government and ISRO have not revealed the financial details of this mission. Finally, the Mangalyaan 2 or Mars Orbiter Mission 2 will involve the aerobraking technique to venture into Mars and approach its surface. The space industry has lined up more missions to promote the government’s aspirations and enjoy the benefits while the leadership is still in its favor.