ISRO eyes 15% share in $350 bn space economy
3 years, 4 months ago

ISRO eyes 15% share in $350 bn space economy

Deccan Chronicle  

NELLORE: Having opened the space segment to the private sector as part of reforms, the Indian Space Research Organisation is eying a 10 to 15 per cent share in the $350 billion global space economy. Dr Sivan said they should make preparations to launch Aditya L1 Mission, one of the priority missions of ISRO aimed at helping scientists to study Solar Corona, which is invisible because of the sun's brightness, also by next year. Similarly, we have also done a third long-duration hot test of the liquid propellant Vikas Engine for the core L110 liquid stage of the human rated GSLV MkIII vehicle as part of the engine qualification requirements for Gaganyaan,” he said. He said that opening the doors to the private sector was necessary for aspects like designing and realisation of launch vehicles and satellites apart from maintaining satellites in space as ISRO or DOS cannot carry the weight of their own since demand for space applications was increasing constantly.

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