Pvt sector to get 70% of upcoming space projects worth up to $1.6 bn: Isro

In the last 25 years, the space agency has launched more than 50 PSLV rockets, and wants to launch another 50 in the next five years

Nearly 70 per cent of the upcoming space programmes, estimated at $1.5-1.6 billion, are likely to go to private industry, a senior Indian Space Research Organisation (Isro) official said. 

The development comes at a time when Isro is planning to increase the number of launches for domestic (civilian, defence, and private sector) and for international customers.

In the last 25 years, the space agency has launched more than 50 polar satellite launch (PSLV) rockets, and in the next five years Isro wants to launch 50 more, said T V Haridas, deputy director, Vikram Sarabhai Space Centre (VSSC), Thiruvananathapuram. VSSC is