India to Have Public-Private Aerospace Consortium to Conquer Global Industry
12:08 22.08.2017(updated 13:00 22.08.2017)
Buoyed by its success in launching satellites at very low cost, the Indian Space Research Organization (ISRO) is now eyeing a larger share in the global aerospace industry by forming a consortium of aerospace companies to launch more satellites.
New Delhi (Sputnik) – ISRO chief A.S. Kiran Kumar has said that the agency is hopeful of roping in private players to build a consortium that would primarily build launch vehicles. The focus of such consortium would be to capture the global market for satellitelaunching.
"We are trying to increase the number of launches. We are trying to look at a consortium, a joint venture entity, to build launch vehicles. It is a question of capacity building to capture a portion of the global market," Kumar said.
Breaking a record set by Russia, ISRO earlier this year launched 104 satellites using a single Polar Satellite Launch Vehicle (PSLV), the agency's most trusted launcher. With a consortium, ISRO plans to raise the number of PSLVs so that the frequency of launches can match the number of launch vehicles. The aim is to increase ISRO's annual launches to 24, Kumar said, while also boosting its existing constellation of 42 satellites.
"We are trying to increase the frequency of launches so that we can put sufficient infrastructure in place to meet our communication, remotes-sensing, earth observation and navigation requirements. Though we have 42 satellites in the orbit, we need more (satellites)," Kumar said.
ISRO is preparing for inter-planetary missions as well as launching India's second lunar probe mission – Chandrayaan-2. ISRO has invited proposals from the scientific community on the possible programs that could be launched for its inter-planetary missions for Venus, Mars and some of the asteroids.
The average annual revenue of the international satellite market over the last three years has been estimated at approximately $200 billion.
ISRO's commercial arm, Antrix reportedly earned approximately $36 million in 2015-16 through commercial launch services, which is about 0.6 per cent of the global launch service market, according to Jitendra Singh, Minister of State for the Department of Space.
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