The Union Cabinet on Monday approved continuation of the ongoing GSLV programme phase-4 consisting of five rocket flights during 2021-2024.
The phase four will enable the launch of two-tonne class of satellites for geo-imaging, navigation, data relay communication and space sciences, an official statement said.
The total fund requirement for phase four has been pegged at Rs 2729.13 crore and includes the cost of five Geosynchronous Satellite Launch Vehicles (GSLVs), essential facility augmentation, programme management, and launch campaign, along with the additional funds required for meeting the scope of the ongoing programme.
The GSLV continuation programme will meet the launch requirement of satellites for providing critical satellite navigation services, data relay communication for supporting the Indian human spaceflight programme and the next interplanetary mission to Mars.
It will also ensure the continuity of production in Indian industry, the statement said.
The continuation programme will meet the demand for the launch of satellites at a frequency up to two launches per year, with maximal participation by the Indian industry.
All the operational flights would be completed during the period 2021-24.