• UGI USER
  • May 27, 2024
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LVM3 COMMERCIALIZATION TIMELY, BOOSTS INDIA’S SPACE INDUSTRY PROSPECTS

Why in the news?

  • ISRO has invited private firms to build its heaviest rocket, LVM3, marking significant private sector involvement in India’s space program.
  • This decision comes at an opportune time, enhancing India’s position in the international space market amid increasing satellite launch demand.
source:slideshare

About  Launch Vehicle Mark-III (LVM3) :

  • Previous Name: Geosynchronous Satellite Launch Vehicle (GSLV) Mark-III.
  • Recent Launch: Sixth launch of India’s heaviest rocket, LVM-3.
  • LVM3-M2 mission: Commercial mission for OneWeb via NewSpace India Limited (NSIL).
  • First multi-satellite mission: 36 OneWeb satellites to LEO, heaviest payload (5,796 kg).
  • Capabilities: Launches 4,000 kg to GTO, 8,000 kg to LEO.
  • The 14-year collaboration with private entities includes a two-year development phase for technology transfer, aiming for private partners to build 4-6 LVM3 rockets annually.
About Indian Space Policy 2023:

  • Aim: Encourage private sector participation; ISRO focuses on R&D of advanced technologies.
  • Private Sector Entry: Build satellites, rockets, launch vehicles, and handle data.
  • Investment: Private companies create new infrastructure, use ISRO facilities for a fee.
  • Institutional Clarity: Defines duties and responsibilities in India’s space sector.

About NewSpace India Limited (NSIL):

  • NewSpace India Limited (NSIL) operates in response to industry demands, managing ISRO’s mission operations.
  • It oversees strategic space initiatives as a Public Sector Undertaking (PSU) in the space sector, ensuring industry requirements are met.

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