HomeNewsBusinessIn a first, IN-SPACe initiates process to transfer ISRO's SSLV technology to pvt industries

In a first, IN-SPACe initiates process to transfer ISRO's SSLV technology to pvt industries

The Indian National Space Promotion and Authorisation Centre, mandated to facilitate the process of Transfer of Technology (TOT), has issued a call for expression of interest (EoI) for the transfer of SSLV or Small Satellite Launch Vehicle (SSLV).

July 11, 2023 / 19:08 IST
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ISRO's SSLV rocket
ISRO's SSLV rocket

In a first of its kind initiative in the country's space technology sector, the Indian Space Promotion and Authorisation Centre (IN-SPACe) on July 11 has initiated the technology transfer of the Indian Space Research Organisation's SSLV rocket to Indian private industries.

The idea of technology transfer, aimed at boosting the country's private space ecosystem, is as mandated under the recently released Indian Space Policy 2023. IN-SPACE is mandated to facilitate the process of Transfer of Technology (TOT).

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In this regard, IN-SPACe has issued a call for expression of interest (EoI) for the transfer of SSLV or Small Satellite Launch Vehicle (SSLV). SSLV is a 3-stage solid launch vehicle capable to carry a payload of up to 500Kg to a 500Km circular orbit.

A release by IN-SPACe said that this technology transfer of SSLV will provide an opportunity for the Indian industry to understand and assimilate the intricacies and complexities involved in the development of launch systems, set up a launch vehicle design and manufacturing base by themselves and compete in the lucrative global launch market.