ISRO plans Joint Venture with industries for rocket-building

A plan of ISRO with industries joint venture for Rocket Building is on the go. Active Industries are very significant these days.

ISRO
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The space agency is trying to make a venture with an industry consortium (to build polar satellite launch vehicle or PSLV), with the initial planned launch, for 2020-21 under this proposed entity, Kiran Kumar said. “We are undergoing the process of establishment of those mechanisms and getting the essential approvals,” he said.

The ISRO observes the beneficence of the industry in meeting the demands of national desires of the space systems and conjointly says, “The active participation of the industry in the consciousness of space systems such as spacecraft, launch vehicles, foundings and operations of ground systems and facilities and implementation of application of programmes have been rapidly growing.”

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