Indianfighter
Junior Member
ISRO to Venture In Launch Vehicle Technology
Tuesday, January 17, 2006: Indian Space Research Organisation (ISRO) is venturing into the business of launch vehicle and targets a 10 per cent market share over the next five years.
"We are going to carry a European satellite on board of Polar Satellite Launch Vehicle (PSLV) this year. That will give a turnover of $10 million. We hope to get one or two launches per year. I will consider it as a better entry into the market. It will be a great opportunity for us if we can capture at least 10 per cent in the launch business in the next five years," said G. Madhavan Nair, chairman, ISRO.
ISRO will release the country’s first fully commercial satellite in April or May this year. The launch vehicle technology business is valued to be around $2 billion globally and ISRO plans to become self-sufficient in the sector by 2008.
Under an agreement with the Russian space agency, ISRO will launch two of its satellites for its global navigational system, GLONASS. The space agency will also be launching an Indonesian micro-satellite this year.
"We are in the process of holding discussions with some people. We decided to go ahead with this business," said Nair.
Source:
To admins,
Would it be possible to lock the thread "After Moon, India aims for Mars" ?
I plan to post all Indian space news in this thread.
I am extremely sorry for the inconvenience.
Tuesday, January 17, 2006: Indian Space Research Organisation (ISRO) is venturing into the business of launch vehicle and targets a 10 per cent market share over the next five years.
"We are going to carry a European satellite on board of Polar Satellite Launch Vehicle (PSLV) this year. That will give a turnover of $10 million. We hope to get one or two launches per year. I will consider it as a better entry into the market. It will be a great opportunity for us if we can capture at least 10 per cent in the launch business in the next five years," said G. Madhavan Nair, chairman, ISRO.
ISRO will release the country’s first fully commercial satellite in April or May this year. The launch vehicle technology business is valued to be around $2 billion globally and ISRO plans to become self-sufficient in the sector by 2008.
Under an agreement with the Russian space agency, ISRO will launch two of its satellites for its global navigational system, GLONASS. The space agency will also be launching an Indonesian micro-satellite this year.
"We are in the process of holding discussions with some people. We decided to go ahead with this business," said Nair.
Source:
To admins,
Would it be possible to lock the thread "After Moon, India aims for Mars" ?
I plan to post all Indian space news in this thread.
I am extremely sorry for the inconvenience.
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