Space gets nominal hike, but boost for spaceflight start-ups in Interim Budget 2024

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Space gets nominal hike, but boost for spaceflight start-ups in Interim Budget 2024


A PSLV rocket carrying the X-Ray Polarimetry Satellite (XPoSat) lifts off from the Sriharikota spaceport, January 1, 2024.
| Photo Credit: ANI/ISRO

With no main house missions slated for 2024, the Department of Space has recieved solely a nominal hike of 4% in its allocation in the Interim Union Budget for 2024-25, from ₹12,545 crore to ₹13,043 crore. The Indian house programme will spend a lot of the yr on pre-launch testing milestones for the lunar exploration (Chandrayaan) and human spaceflight (Gaganyaan) missions, and another initiatives.

In 2023, the Indian Space Research Organisation (ISRO) launched and efficiently executed its long-awaited Chandrayaan-3 mission, to soft-land a robotic instrument on the moon. ISRO additionally launched the Aditya-L1 mission to check the solar and the XPoSat — quick for ‘X-ray Polarimetry Satellite’ — mission to trace and research neutron stars and black holes from house. India additionally signed the Artemis Accords to take part in the United States’ multilateral programme to return people to the moon by 2025.


Also learn: Budget 2024 stay updates

The main launches slated for 2024 embody an uncrewed Gaganyaan take a look at flight, the third developmental flight of the Small Satellite Launch Vehicle, and the NASA-ISRO Synthetic Aperture Radar mission. ISRO scientists and engineers have additionally been engaged on propellants, satellite tv for pc propulsion methods, new launch automobiles, and know-how switch to the business.

Spaceflight startups might profit

In her Budget speech, Finance Minister Nirmala Sitharaman introduced a corpus of ₹1 lakh crore, with five-decade interest-free loans, to boost non-public sector funding in analysis and improvement. While the main points are usually not clear, India’s nascent non-public spaceflight sector and its 200 or so startups are anticipated to profit from this infusion. The income expenditure of IN-SPACe, the nodal company setup by the Union Cabinet in 2020 to supervise the actions of this sector, additionally elevated 24%.

Similarly, income for house applied sciences — which incorporates work on Gaganyaan and the event of methods for new launch automobiles and spaceflight missions — elevated 27%.


Also learn: Where does the cash come from and the place is it allotted?

The 8% enhance in the allocation for house applied sciences is, nonetheless, out of maintaining with the work deliberate on the following two missions in the Chandrayaan programme: Chandrayaan 4 and the Lunar Polar Exploration mission, and {a partially} reusable launch car, amongst others. Then once more, the Department of Space underutilised its allocation for house applied sciences in 2023-2024 by greater than ₹1,500 crore.

Finally, expenditure for INSAT satellite tv for pc methods was halved from ₹531 crore in 2023-2024 to ₹276 crore in 2024-2025, with capital expenditure dropping by 60%. ISRO is anticipated to launch the INSAT-3DS meteorological satellite tv for pc later this month.



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