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India has a comparatively low-budget space programme but one that has grown considerably in size and momentum since it first sent a probe to orbit the moon in 2008. It’s latest moon mission had a budget of about $75m – less than that of the Hollywood space thriller Gravity.
GSLV-F10 failed to launch India's earth observation satellite into orbit
The Australian Space Agency and the Indian Space Research Organization will be updating the space pact to allow more agencies and encourage the private sector to work together for both countries.
The government wants ISRO to initiate profitable commercial ventures and satellite launches in collaboration with the private sector, it stated.
