BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank
banner

ISRO:LVM3 COMMERCIALISATION INITIATIVE



  May 30, 2024

ISRO:LVM3 COMMERCIALISATION INITIATIVE



What Is LVM3?

• LVM3 (Launch Vehicle Mark-III) is ISRO’s most powerful rocket, used in Chandrayaan-2 and Chandrayaan-3 missions.

• It can carry up to 4-tonne satellites to geostationary orbit and 8-tonne satellites to lower earth orbits.

What Is the Commercialisation Plan?

• ISRO’s commercial arm, New Space India Limited (NSIL), has invited private firms to manufacture LVM3.

• The collaboration will last 14 years, starting with a 2-year development phase for technology transfer.

• The selected private partner will then build 4 to 6 LVM3 rockets annually for the next 12 years.

Benefits of the Initiative:

• Increased Private Sector Participation: Encourages greater involvement of private firms in India’s space program.

• Global Market Share: Enhances India’s presence in the global satellite launch market, meeting the rising demand for satellite launches.

• Focus on Advanced Projects: Allows ISRO to concentrate on developing the Next Generation Launch Vehicle (NGLV) and other advanced space missions.

• Economic Growth: Opens new business opportunities for Indian companies, boosting the national economy.

• Strategic Advantage: Positions India to capitalize on current market conditions where other global launch vehicles face operational challenges or national commitments.

Global Context:

• SpaceX’s Falcon 9 is a major player in heavy payload launches.

• Other countries’ launch vehicles are facing operational challenges or are busy with national missions, creating an opportunity for India’s LVM3.

Additional Opportunities for Private Firms:

• ISRO is also opening the manufacturing of the Small Satellite Launch Vehicle (SSLV) and the Polar Satellite Launch Vehicle (PSLV) to private players.
• The first privately manufactured PSLV is expected to launch in August this year.



SRIRAM’s



Share:
 

Get a call back

Fill the below form to get free counselling for UPSC Civil Services exam preparation

 
UPSC DAILY CURRENT AFFAIRS

 
MUNICIPAL BODIES:FINANCIAL CHALLENGES
 
CHANDRAYAAN-3: A YEAR of ACHIEVEMENTS
 
VIZHINJAM: INDIA’S FIRST DEEP-WATER TRANSSHIPMENT PORT
 
‘AANKH MICHOLI’
 
CHINA FACTOR IN INDIA-RUSSIA RELATIONS
 
CVF and climate finance negotiations
 
CBI JURISDICTION AND STATE CONSENT
 
Beej Utsavs (Seed Festivals)
 
SILK ROUTE THROUGH KALIMPONG AND SIKKIM
 
RHODODENDRON NIVEUM, THE STATE TREE OF SIKKIM
 
OPERATION DHANUSH NEAR LOC
 
French Revolution and India
 
RBI’S MONETARY POLICY STANCE
 
French Revolution and India
 
MUSLIM WOMEN UNDER SECTION 125 OF CRPC: