India Inc Targets Space Expansion Through LVM3 Programme
What Happened
Several major Indian groups, including L&T, Adani Group, JSW and Mahindra, are evaluating bids to acquire technology and operate ISRO’s LVM3 heavy-lift rocket, popularly known as ‘Bahubali’. The initiative is part of ISRO’s plan to transfer routine rocket manufacturing and launch operations to the private sector.
Key Takeaways
The selected company or consortium will gain access to the technology and know-how required to manufacture and commercially operate India’s most powerful operational rocket. The move is aimed at boosting private participation in the space sector as global demand for launch services grows and India seeks to expand its space economy.