Russia to invest $7 bn in space programmes in 2011
Moscow: Russia has earmarked about 200 billion rubles ($7 billion) for space programmes in 2011, Prime Minister Vladimir Putin has said.
Putin said Russia would develop a whole range of new capabilities over the next five years.
"We need new-generation space equipment, featuring greater reliability and service life," he said.
This requires a "deep modernisation" of space industry enterprises, as well as significant investment in research and development programmes, the prime minister said.
Putin directed the space agency Roscosmos, in conjunction with the Russian Academy of Sciences, to draw up long-term space research plans by August this year.
More from India
More from World
More from Sports
More from Entertaiment
- PM Modi visits Lord Jagannath temple at Puri
- Boyfriend murders DU student Arzu Singh; hides body in his house for three days
- International Fleet Review: India shows off naval prowess in "Operation Demo"
- Can comments on social media against politicians land you in jail?
- Declared unfit for employment, man invents cost-effective electric car called Pixie!
- PM Narendra Modi never disappoints his supporters, here's another example - see pic
- Year of the Monkey: Know how lucky you are according to Chinese calendar!
- WATCH: When PM Modi took his supporters by surprise, came to meet them standing on car's side foot step
- India vs Sri Lanka 2016, 1st T20I: Squads, date, time, TV listing, live streaming
- After prayers at Jagannath Temple, PM Narendra Modi inaugurates IOCL project at Paradip refinery