Summary:

The Indian government transferred Small Satellite Launch Vehicle technology from ISRO to HAL for Rs. 511 crore ($59.7 million) through a competitive bidding process. This is the first time ISRO has given over whole launch vehicle technology, allowing HAL to manufacture, own, and commercialise SSLV missions. HAL was chosen following a comprehensive technical evaluation and will be taught and supported by ISRO under a Technology Transfer Agreement with NewSpace India Ltd (NSIL) and IN-SPACE.

India's ambition of obtaining a piece of the anticipated Rs. 3,81,172 crore (US$44 billion) space industry by 2033 relies on the SSLV, which can launch satellites up to 500 kg into low earth orbit. HAL, along with Agnikul Cosmos and Skyroot Aerospace, intends to launch one satellite every two weeks, therefore increasing commercial satellite launch capabilities and enhancing public-private partnership. This program also contributes to the government's objective of democratising space access and strengthening India's position in the global small satellite launch market.

Source: IBEF

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