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Budget 2019: Learn what is for the Space Sector in this Budget

Finance Minister Nirmala Sitharaman presented her first General Budget in the Parliament on Friday.

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Published : Jul 5, 2019, 11:41 AM IST

Updated : Jul 5, 2019, 7:11 PM IST

New Delhi: Finance Minister Nirmala Sitharaman presented her first General Budget in the Parliament on Friday. The Modi government has tried to give something to every region in this first budget of its second term.

Let's know what is special for the space sector in this budget:

  • India emerged as a major space power
  • To harness India's space ability commercially, a public sector enterprise, New Space India Limited (NSIL) has been incorporated to tap the benefits of ISRO
  • NSIL will spearhead commercialisation of various space products

New Delhi: Finance Minister Nirmala Sitharaman presented her first General Budget in the Parliament on Friday. The Modi government has tried to give something to every region in this first budget of its second term.

Let's know what is special for the space sector in this budget:

  • India emerged as a major space power
  • To harness India's space ability commercially, a public sector enterprise, New Space India Limited (NSIL) has been incorporated to tap the benefits of ISRO
  • NSIL will spearhead commercialisation of various space products
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MSME budget


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Last Updated : Jul 5, 2019, 7:11 PM IST
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