Private Sector Flocks to ISRO: 23 Companies Express Interest in SSLV Technology.

Private Sector Flocks to ISRO: 23 Companies Express Interest in SSLV Technology.

Asif Iqbal | September 14, 2023 | 04:51 PM IST | Breaking News, Space & Research | Follow on Google News

Private Sector Flocks to ISRO: 23 Companies Express Interest in SSLV Technology.

Pic) NDTV

Bengaluru has witnessed a significant surge in interest from the private sector towards acquiring the Small Satellite Launch Vehicle (SSLV) technology developed by the Indian Space Research Organisation (ISRO). The Chairman of the Indian National Space Promotion and Authorisation Centre (IN-SPACe), Pawan K Goenka, revealed this exciting development during an address at the International Conference on Space, organized by the Confederation of Indian Industry (CII). This newfound enthusiasm stems from ISRO’s remarkable success in its various missions.

23 Companies Keen on ISRO’s SSLV Technology

Mr. Goenka announced that an impressive 23 companies have already expressed their intent to acquire ISRO’s SSLV technology. While this is undoubtedly a positive sign of growing interest and participation in space-related endeavors, only one of these companies will ultimately be selected to receive the technology. IN-SPACe, an autonomous agency under the Department of Space, has been actively promoting, enabling, authorizing, and supervising non-government entities to engage in space activities since its formation in 2020.

Transferring ISRO’s Technology to the Private Sector

The central focus of this initiative is to facilitate the transfer of ISRO’s cutting-edge technology to the private sector. Mr. Goenka emphasized the agency’s commitment to this endeavor, noting that they are transferring the entire design and capabilities of the launch vehicle to the private sector. This marks a pioneering effort globally, as rarely has an agency anywhere in the world transferred the complete design of a launch vehicle to private enterprises.

Transforming India’s Space Economy

Apart from SSLV, there are 42 applications and space technologies in line for transfer to the private sector, with 19 of them ready for implementation. IN-SPACe is actively collaborating with state governments to establish comprehensive manufacturing infrastructure, aiming for a plug-and-play setup to support industries focusing on manufacturing. Mr. Goenka also shared the ambitious vision of elevating India’s space economy from its current $8 billion to a staggering $44 billion by 2033. He emphasized the importance of collective efforts to realize this vision.

Collaboration and Standards for the Future

Additionally, IN-SPACe, in collaboration with the Bureau of Indian Standards (BIS), unveiled the ‘Catalogue of Indian Standards for Space Industry,’ containing 15 recommended standards for private players in the space sector. During the conference, representatives from the Australian High Commission and the Australian Space Agency expressed their commitment to collaborating with India in the field of space exploration and highlighted common areas of interest for both nations.

Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.