Adani Group Finalised for India’s SSLV Manufacturing
According to a Reuters report, Indian conglomerate Adani Group has been shortlisted as one of three finalists to take on private production of India’s Small Satellite Launch Vehicle (SSLV). The SSLV developed by the Indian Space Research Organisation (ISRO) is a cost effective launch vehicle designed to strap satellites weighing up to 500 kg into a low-Earth orbit.
The move shall open the door to privatizing the production of SSLVs and is part of the Indian government’s larger strategy to expand its commercial space sector and gain a significant share in the global satellite launch market which is controlled mainly by private players such as SpaceX.
The other contenders in the bid include state-backed enterprises Bharat Dynamics Limited and Hindustan Aeronautics Limited. The company selected will roughly pay ISRO Rs 3 billion (approximately $30 million) for a license to the design, manufacturing processes and technical support of SSLV. This is part of India’s larger goal to increase its share of the space economy to $44 billion by 2030.
A Market Catching Its Breath The Singapore market turned noticeably quieter after the Straits Times Index (STI) went down, reflecting…
In response to a sudden and highly visible spike in strategic naval operations, the attention of the world has been…
The fast naval build-up in the area of Taiwan and Japan is causing the tension of East Asia to be…
The future of Asia in 2026 has an excellent combination of both opportunities and risks: a fresh wave of IPO…
On a dining table, food from many different cultures may look the same, but that is not the case. After…
Asia Power Index 2025 reveals a significant change of the region of Asia, transforming the entire continent. While the struggle…
This website uses cookies.
Read More