ISRO Chief S. Somanath Expects Budget Requirement to Grow in Coming Years

India’s space agency expects a 20 percent-30 percent increase in its budget in the coming years, its head said in a Reuters NEXT Newsmaker interview on Tuesday, describing the agency’s rocket launch prices as on a par with SpaceX’s, though without giving details.

In a wide-ranging interview, Indian Space Research Organisation (ISRO) Chairman S. Somanath discussed ongoing plans for a heavy-lift booster rocket – capable of carrying large…