Daily Mail India
Daily Mail India

Start-ups showing interest in space, big cos yet to come: ISRO chief – News 24

Chennai: The land acquisition for India’s second rocket launch centre at Kulasekarapattinam in Tamil Nadu’s Tuticorin is progressing and additional work will progress after that is performed, Indian Space Research Organisation (ISRO) chief Ok. Sivan stated on Saturday.

With the Central authorities saying the opening up of the area sector for the non-public sector, Sivan, who can be the Secretary in the Department of Space, stated many begin-up firms have expressed interest in the area sector whereas big corporates are yet to come to the entrance.

Interacting with reporters right here through video convention, Sivan stated the method of buying land is in progress in Kulasekarapattinam for constructing a second rocket launch centre and solely after the land is handed over, then work would progress additional.

The land requirement for the venture will likely be about 2,300 acres, a state authorities official had informed IANS earlier.

Major area faring nations have a number of rocket launch websites.

India presently has one rocket port at Sriharikota in Andhra Pradesh with two launch pads.

On the rationale for opening up the area sector for personal sector, Sivan stated the worldwide area sector market measurement is about $350 billion and India’s share is lower than three per cent and the share is not going to enhance if the ISRO stays the only participant.

He stated the federal government will likely be establishing Indian National Space Promotion and Authorisation Centre (IN-SPACe) that may allow non-public sector participation in the area sector primarily based their deserves.

According to Sivan, out of the $350 billion world market, the share of rocket launch service is 2 per cent, manufacturing of satellites is about 5 per cent, 45 per cent is accounted by area utility companies and 48 per cent by the bottom gear.

Reiterating that ISRO’s work just isn’t being handed over to the non-public sector, Sivan stated the previous will proceed to keep on with its work.

Queried about India’s human area mission Gaganyaan, Sivan stated there will likely be some delay due to Covid-19 pandemic and the lockdown.

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