Ahead of Chandrayaan-3 launch, an expression of Interest (EOI) for the complete Transfer of Technology (ToT) of Small Satellite Launch Vehicle (SSLV) has been invited from ISRO to the private industry is released by the space agency's commercial arm In-SPACe.
"The Transfer of Technology will give a big boost to private industries' efforts to engage in the Space Sector" , said Somanath S., Chairman, ISRO and Secretary, Department of Space.
ISRO has developed Small Satellite launch vehicle, suitable for catering to the demand of launch of small satellites into Low Earth orbit (LEO), which has grew phenomenally over the years.
IN-SPACe has taken initiative to transfer the technology of Small Satellite Launch Vehicle (SSLV) to private Indian industries who are keen on assimilating the technology, setting up manufacturing and business operations and competing in the global satellite launch market. In this context, applications are invited from Indian Industries in response to Expression of Interest (EoI) for the Technology Transfer of SSLV.
The SSLV was developed, by ISRO, with the aim of launching small satellites commercially at drastically reduced price and higher launch rate compared to Polar Satellite Launch Vehicle (P SLV).
ISRO will transfer the technology to profitable companies with a minimum turnover of Rs 400 crore. The companies will be selected based on their expertise in handling multi-disciplinary turn-key projects and their ability to absorb the SSLV technology, including areas such as aerodynamics, structural design, auxiliary systems, propulsion technologies, avionics, and more.
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