 "Isro to spend Rs 6,000 cr in 2014-15")
The Indian Space Research Organisation (Isro) is planning to spend around Rs 6,000 crore in 2014-15 for various space and research programme.
The investment will be part of the Rs 39,570 crore outlay, which was allocated for various programmes between 2012 and 2017, by the Government to carry out various programmes, said Isro's Chairman K Radhakrishnan.
He said, during the first year of the plan period, Rs 3,650 crore was spent, and in the second year it was increased to Rs 4,000 crore. In 2014-15 the plan is to spend around Rs 6,000 crore, said Radhakrishnan.
Overall number of missions, during the five year period, are around 60, he said.
Commenting on the spent for navigation satellites, he said, Isro had budgeted around Rs 1,000-1,300 crore to send navigation satellites.
Radhakrishnan said the money will be spent on satellite system, including to place seven satellites in the orbit and two on the ground. The other investment will be on the launch vehicle. While PSLV XL version would cost around rs 125-130 crore, the other vehicle would cost around Rs 115 crore.
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