{"id":51181,"date":"2024-11-14T08:37:06","date_gmt":"2024-11-14T08:37:06","guid":{"rendered":"https:\/\/thenftimes.com\/index.php\/2024\/11\/14\/isro-chief-calls-for-private-sector-involvement-in-costly-moon-missions-n-f-times\/"},"modified":"2024-11-14T08:37:08","modified_gmt":"2024-11-14T08:37:08","slug":"isro-chief-calls-for-private-sector-involvement-in-costly-moon-missions-n-f-times","status":"publish","type":"post","link":"https:\/\/thenftimes.com\/index.php\/2024\/11\/14\/isro-chief-calls-for-private-sector-involvement-in-costly-moon-missions-n-f-times\/","title":{"rendered":"ISRO Chief Calls for Private Sector Involvement in Costly Moon Missions &#8211; N.F Times"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Bengaluru: ISRO Chairman S Somanath has emphasized the need for private sector involvement in space exploration, citing the high costs associated with Moon missions.<\/p>\n<p>Speaking at an interactive session with students of the Karnataka Residential Educational Institutions Society, Somanath highlighted that ISRO\u2019s current budget of Rs 12,000 crore is insufficient to sustain ambitious space projects.<\/p>\n<p>\u201cGoing to the Moon is a costly affair, and we cannot depend solely on government funding,\u201d Somanath stated. He stressed the importance of creating business opportunities within the space sector to ensure the sustainability of such missions. \u201cIf we have to sustain it, we must create a use for it. Otherwise, after we do something, the government will tell us to close down,\u201d he added.<\/p>\n<p>Somanath also referenced a recent collaboration report with European space consultancy Novaspace, which showed significant economic returns from space investments. According to the report, for every rupee spent by ISRO, the return is Rs 2.5. The space sector has contributed $60 billion to India\u2019s GDP between 2014 and 2024, with a multiplier effect of $2.54 for every dollar generated.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bengaluru: ISRO Chairman S Somanath has emphasized the need for private sector involvement in space exploration, citing the high costs associated with Moon missions. Speaking at an interactive session with students of the Karnataka Residential Educational Institutions Society, Somanath highlighted that ISRO\u2019s current budget of Rs 12,000 crore is insufficient to sustain ambitious space [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-51181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nation"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/11\/ISRO-Chief-Calls-for-Private-Sector-Involvement-in-Costly-Moon-Missions.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/51181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=51181"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/51181\/revisions"}],"predecessor-version":[{"id":51183,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/51181\/revisions\/51183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/51182"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=51181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=51181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=51181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}