India's second moon mission Chandrayaan-2 to take off on July 15: Isro

Sivan said of the Rs 1,075 crore, nearly Rs 603 crore will be towards satellite development and the balance Rs 375 crore will be for the GSLV MK-III rocket

India plans to launch its second lunar mission Chandrayaan-2 on July 15, and once successful, aiming to be the fourth nation to land on moon, said Isro chief Kailasavadivoo Sivan on Wednesday.

GSLV MK-III, the rocket carrying Chandrayaan-2, will take-off from Isro's space port at Sriharikota, near Chennai at 2.15 a.m. on July 15, he said.

"We are targeting to land on the south pole of the moon on September 6 or 7," said Sivan.

Isro expects to continue its research on presence of water and minerals on moon after Chandrayaan-1 in 2008 released its Moon Impact Probe where it