<span style="color: #222222;">The Indian Space Research Organisation (ISRO) has announced that it is preparing low-cost satellite launch vehicles costing around 30-35 crores rupees each, which can put into orbit satellites weighing 500 kgs.<br />''<br />'' The first such launch is expected to take place in the next four months from the country.<br />''<br />'' Deputy Director of  Vikram Sarabhai Space Centre, Haridas T V  said that this capability will give ISRO a big commercial boost as it will be able to cater to micro, mini and medium segments of the market.<br />''<br />''Haridas also stated that ISRO has earmarked 1,600 million Dollars for launch vehicles of which 870 million Dollars will be for PSLV and the remaining for GSLV.</span><br />