Immense potential for India to expand its space industry: ISRO

New Delhi, July 11 (KNN) India holds immense potential for expansion in the space industry, said S Somanath, Secretary, the Department of Space and Chairman, Indian Space Research Organisation (ISRO) on Monday.

Speaking at the two-day second edition of India Space Congress 2023, an annual flagship event organised by the SatCom Industry Association of India (SIA-India) in New Delhi, Somanath said, “We proudly stand among the spacefaring nations with immense potential for further expansion. Our relentless pursuit of growth, innovation, and collaboration positions us on the list of frontrunners, ready to embrace new horizons and shape a future filled with endless possibilities.”

As per reports, amidst growing demand for small satellites, ISRO will transfer its Small Satellite Launch Vehicle (SSLV) to the private sector later this year. The SSLV has had two development flights. The launch vehicle will provide on-demand services to put satellites weighing up to 500 kg in a low-earth orbit.

“We have built our own SSLV which will be transferred to the industry and produced in large numbers to meet the growing demand,” Somanath said. 

He added that the US President Joe Biden’s announcement of an Indian astronaut’s journey to the International Space Station in 2024, “marks a remarkable milestone in the pursuit of space exploration”. 

India Space Congress 2023 brought together renowned industry leaders, esteemed dignitaries, and experts from the space sector to engage in insightful discussions and shape the future of space technology.
KNN Bureau