What Happened
Indian Space Agency Hands Over Production to Private Sector
The Indian Space Research Organization (ISRO) is set to undergo a significant structural change, with plans to gradually move away from manufacturing and focus on research. According to IN-SPACe Chairman Pawan Kumar Goenka, ISRO will transfer the production of launch vehicles, including the PSLV and LVM3 rockets, to the private sector. This shift is part of India’s ambition to expand its space economy from $8 billion to $44 billion by 2033. The development was reported by an unknown source.