News > Import expenses 12 times of export earning in space-technology sector
Import expenses 12 times of export earning in space-technology sector
09/02/2023 03:18 PM | Click to read full article
There’s a wide chasm between expenses on imports and earnings from exports in the space technology industry, suggests data made public by Space Minister (in-charge) Jitendra Singh, in the Lok Sabha on Feb 8. Mr Singh said that in FY2021-22, items worth ₹2,114.00 crores were imported for executing various projects and programmes whereas ₹174.9 crore was generated from exports. This means that import expenses are 12 times the export earnings in the space-technology sector.