Union Cabinet, led by Prime Minister Narendra Modi, on Wednesday approved the development of the Next Generation Launch Vehicle (NGLV).
This approval marks a pivot towards the government's vision of establishing the Bharatiya Antariksh Station and enabling Indian crewed lunar missions by 2040, the government said in a press release.
PM Modi hailed the decision as a significant leap, and called it a step in the right direction for India's space ambitions.
«India's space ambitions take yet another important leap with the approval of the Next Generation Launch Vehicle (NGLV)! This will bring us closer to establishing the Bharatiya Antariksh Station and achieving a crewed Moon landing by 2040,» the PM said on X.
The NGLV is designed to enhance payload capacity threefold compared to the current LVM3, while its cost will be only 1.5 times more.
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