Wednesday, August 12, 2020

Start-ups showing interest in space, big companies to come: the head of ISRO

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Chennai: Land acquisition for India’s second rocket launch center at Kulasekarapattinam in the Tuticorin of Tamil Nadu is progressing and work will continue after that, the head of the Indian Space Research Organization (ISRO) said on Saturday. K. Sivan.

As the central government announced the opening of the space sector to the private sector, Sivan, who is also secretary of the Space Department, said that many start-ups had expressed interest in the space sector while large companies were not yet to come. in the front.

Interacting with journalists here by videoconference, Sivan said that the land acquisition process was underway in Kulasekarapattinam for the construction of a second rocket launch center and only after the land was handed over, work would continue.

The land required for the project will be approximately 2,300 acres, a state government official told IANS earlier.

The main space nations have several rocket launch sites.

India currently has a rocket port in Sriharikota in Andhra Pradesh with two launching pads.

On the rationale for opening up the space sector to the private sector, Sivan said that the size of the world space market is around $ 350 billion and that India’s share is less than 3% and that this share will not improve if ISRO remains the only player.

He said the government will set up an Indian national space promotion and authorization center (IN-SPACe) that will allow the private sector to participate in the space sector on its merits.

According to Sivan, in the global $ 350 billion market, the rocket launch service share is 2%, satellite manufacturing is about 5%, 45% is allocated to space application services and 48% ground equipment.

Reiterating that the work of ISRO is not entrusted to the private sector, Sivan said that the former will continue its work.

Asked about the Indian human space mission Gaganyaan, Sivan said there would be some delay due to the Covid-19 pandemic and the lockout.

This story was published from a news agency thread without text modification. Only the title has been changed.

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