• The Union Cabinet chaired by Prime Minister has approved funding for the for Geosynchronous Satellite Launch Vehicle Mark-III (GSLV Mk-III) continuation programme (Phase-I) consisting of ten (10) GSLV (Mk-III) flights.
• The GSLV Mk-III continuation Programme – Phase 1 is the first phase of operational flights that will enable the launch of 4 tonne class of communication satellites to meet the country’s satellite communication requirements.
• The operationalisation of GSLV Mk-III will make the country self-reliant in the launching capability of 4 tonne class of communication satellites, and sustain & strengthen the space infrastructure and reduce the dependence on procured launches from foreign countries.
• The GSLV Mk-III Continuation Programme – Phase 1 will meet the launch requirement of communication satellites to meet the national demand for High Throughput Satellites for rural broadband connectivity, increase and sustain the availability of transponders for DTH, VSAT and Television broadcasters.

Background:

• The Geosynchronous Satellite Launch Vehicle Mark-III (GSLV Mk-III) has been developed towards achieving indigenous launch capability to launch 4 tonne class of satellites into Geosynchronous Transfer Orbit (GTO). It has completed one experimental flight (LVM3-X) in 2014 and one developmental flight (GSLV MkIII-D1) in 2017. 
• The Continuation Programme – Phase 1 will enable independent access to space for 4 tonne class of communication satellites, and establish GSLV Mk-III as a cost-effective workhorse vehicle to launch 4 tonne class of communication satellites in order to meet the national requirements as well as to boost its commercial potential in the international market for launch services.

Source:PIB