India’s space sector is set to receive a significant boost with the government earmarking Rs 1,000 crore for a venture fund dedicated to space startups. This decision, announced by Science and Technology Minister Jitendra Singh, is a clear indication of the high priority the government gives to the space sector. The announcement was made within the first 100 days of ...

At present, there are 42 Indian satellites operational in orbit, 15 of them for communication, 4 for meteorological observations, 14 for earth observations, 7 for navigation and 2 for space science purposes. During FY 2016-17, the total revenue accrued from communication satellites through leasing of INSAT/ GSAT transponders is Rs. 746.68 crore. With respect to earth observation satellites, the annual ...