As the government moves to transfer its manufacture and operations to the private sector, India’s heaviest launch vehicle, the Launch Vehicle Mark-III (LVM3), which successfully delivered the Chandrayaan-3 mission to the Moon, is about to undergo a significant transformation.
The Indian National Space Promotion and Authorization Centre (IN-SPACe) has invited Expressions of Interest (EOI) from Indian companies to undertake the full realization, operation, and commercialization of the LVM3 rocket, marking a significant step towards increasing private participation in the space industry.
In India’s space industry, the effort is a historic reform. The Indian Space Research Organization (ISRO) hopes to concentrate its resources on next-generation technologies and ambitious future missions by transferring mature launch vehicle technology to industry. This will let private actors contribute more to the nation’s expanding space economy.
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