ISRO today got a 27 per cent hike in budgetary allocation, a major chunk of which is will be spent on missions to moon, development of the semi-cryogenic engine and building a rocket for launching heavier satellites.
Indian Space Research Organisation (ISRO) was allocated Rs 4,459 crore, an increase of Rs 960 crore over the previous year's sanction of Rs 3,499 crore, in the interim budget presented by Finance Minister Pranab Mukherjee here.
Development of a semi-cryogenic engine for future advanced satellite launch vehicles has been allocated Rs 75 crore as against Rs 4.09 crore last year. The Cabinet had approved the project for development of the semi-cryogenic engine recently.
Chandrayaan-I and its future missions have been provided Rs 90 crore as against Rs 88 crore last year, while the Geo-synchronous Satellite Launch Vehicle Mark III project has received Rs 217 crore as against Rs 240.19 crore last year.
The GSLV Mk III, which will have the capability to put in orbit four-tonne satellites, is expected to be launched later this year.
ISRO's institute for training space science personnel has received Rs 175 crore as against Rs 65.25 crore last year.
The Indian Institute of Space Science and Technology, currently functioning from Vikram Sarabhai Space Centre in Thiruvananthapuram, is developing its permanent infrastructure at Valiamala in Kerala.