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Tezzbuzz Desk: There is going to be a big change in the Indian space sector. Indian Space Research Organization i.e. ISRO is preparing its heaviest and most reliable rocket. LVM3 It is moving towards handing over the responsibility of commercial production and launch operations to the private sector. LVM3 is also called the 'Bahubali' rocket due to its heavy lifting capacity. According to the report, Larsen & Toubro (L&T), JSW, Adani Group and Mahindra Many big companies are showing interest in this technology transfer program. This process of technology transfer IN-SPACe It is being taken forward through. Interested companies have to submit Expression of Interest i.e. EoI for construction and operation of LVM3. According to the report, JSW and space startup EtherealX Apart from the alliance, a group led by Solar Industries, Bharat Forge and Inox India may also join the race. However, no official statement has come out from these companies in this regard yet.

The selected company or consortium will be transferred the know-how and technology required to build, launch and commercially operate LVM3. LVM3 is ISRO's heaviest operational launch vehicle and is approximately Satellites weighing up to four tons Is capable of carrying. This is the reason why its business prospects are considered very important in the global satellite launch market. This step of ISRO is part of the broader strategy to increase routine rocket manufacturing and launching with the help of the private sector. before this Transfer of SSLV technology to HAL The process of doing so was started. At the same time, work is also going on on the industry-led manufacturing model of PSLV. In such a situation, technology transfer of LVM3 can further increase the role of private companies in India's space sector.

Eye on global launch market

Global demand for space launch services continues to grow. The report quoted Grand View Research as saying that revenues from global space launch services will grow over the next decade. Increase from $ 25.3 billion to $ 41.3 billion Can reach. In such a situation, it can be a big business opportunity for companies to gain experience in manufacturing and operating already successful and flight-proven heavy-lift rockets. Different companies can use their existing capabilities in the manufacturing of LVM3. Solar Industries has capabilities in solid rocket motors and propellants, while Bharat Forge deals in aerospace and precision engineering. Inox India is active in the field of cryogenic and propellant-handling components. Mahindra's aerospace business manufactures aerostructures and precision components.

ISRO's focus will be deep-space missions

According to IN-SPACe Chairman Pawan Goenka, in future ISRO will focus more on Advanced and deep-space missions While private industry will carry out commercial manufacturing and launch operations. Along with LVM3, private sector participation is also increasing in the manufacturing of launch vehicles like SSLV and PSLV. The importance of LVM3 is also greater because it is used in India's Gaganyaan Mission To be done in a human-rated version. The proposed technology transfer may include end-to-end technical know-how such as design, propulsion, avionics, navigation, manufacturing, testing, vehicle integration and launch operations. According to the report, the selected company or consortium will be required to complete the technology transfer and prepare the initial two LVM3 launch vehicles. 42 months You can get time up to. Along with technical ability, commercial bid will also be given importance in the final selection. If this process is successful, the role of private companies in India's space sector will be strengthened and ISRO will be able to focus its resources more on future ambitious space missions.