Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr.Jitendra Singh said that Rs 900 Crore was allocated to ISRO for F.Y. 2020-21for developing capacity for launching of satellites.
He said that the Department of Space has been involved in launching satellites of foreign countries since long.
Total number of satellites launched till date is 328 from 33 different countries and the revenue earned till date is 25 M USD and 189 M Euros.
Moreover, Government of India has established NewSpace India Limited (NSIL), a PSU under Department of Space to commercially launch satellites and become financially self-reliant.
ISRO is striving towards achieving Atmanirbharta in the field of capacity development in launching satellites; therefore, no policy is envisaged for seeking foreign cooperation in this direction.
The Minister said that Government has analysed the issues and concerns about national security while allowing Private companies to participate in space activities and appropriate measures have been taken by means of establishing Indian National Space Promotion and Authorisation Center (IN-SPACe), an independent nodal agency to authorize, monitor and regulate space activities in the country.