Winning Bizness Desk
After the resounding success of Chandrayaan-3's mission, the expectation of boosting investment in space ventures has shot up significantly. The prices of shares of ISRO's suppliers and their associated companies have risen. According to reports, 20 companies including Larsen & Toubro (L&T) and Hindustan Aeronautics (HAL) may bid in the auction for privatization of the Small Satellite Launching Vehicle. Meanwhile, ISRO Chief S Somnath has said that India has the capability to travel to the Moon, Mars and Venus but we need more investment. He said, "But we need to increase our confidence and invest more. There should be development in our space sector. Along with this, the whole country should develop, this is our mission. We are ready to fulfill the vision that PM Modi gave us."
I also search for spirituality - Somnath
Four days after the success of the Chandrayaan-3 mission, ISRO chief S Somnath on Sunday reached the Pournamikavu-Bhadrakali temple in Thiruvananthapuram, Kerala, where he offered prayers to Goddess Kali and sought her blessings. On the question of worshiping despite being a scientist, the ISRO chief said, "I am an explorer. I explore the moon. The pursuit of both science and spirituality is a part of my life's journey. I visit many temples and read many scriptures. I take the help of science to discover the outer things and come to temples to explore the inner things."
Bidding started in July
India's new space regulatory body Indian National Space Promotion and Authorization Center (IN-SPACe) has started bidding on the SSLV program in July 2023 by allowing companies to register their interest. It will be the first Indian rocket to be fully privatised, which means the winner of the bidding will take over the entire programme. India is aiming for a 5 times share in the global satellite market in the next 10 years. After this policy drive of Prime Minister Narendra Modi, about 20 companies have shown interest in bidding for privatization.
HAL and L&T contracted with the government to make PSLV
Hindustan Aeronautics and the Larsen & Toubro business group already have contracts with the government to manufacture and distribute ISRO's rockets. Under this, companies will make 5 Polar Satellite Launching Vehicles (PSLV). These PSLVs are called ISRO's 'workhorse' rockets, whose deliveries are expected to begin in the next 2 years. ISRO is now preparing to launch a solar mission on September 2 to study the Sun. Aditya L1 will be the first space based Indian laboratory to study the Sun. It has been designed for remote observation of the corona that forms around the Sun. After Aditya L1, he will launch Gaganyaan in October.
