: India can fill the slot in global commercial satellite launch market: ISRO Chairman #IndiaNEWS #News Chennai: With a shortage of rockets to launch satellites, India with its LVM3 or GSLV Mk3 rocket

India can fill the slot in global commercial satellite launch market: ISRO Chairman #IndiaNEWS #News
Chennai: With a shortage of rockets to launch satellites, India with its LVM3 or GSLV Mk3 rocket now has a slot in the global commercial satellite launch market, said S. Somanath, Secretary, Department of Space and Chairman, Indian Space Research Organisation (ISRO).
He also said India is planning to ramp up production of the LVM3 rocket.
There is a shortage of commercial satellite launch vehicles for putting into orbit multiple satellites to form a constellation. The Russian rockets are not in consideration now. Further the Ariane 6 rocket of Arianespace got delayed. The commercial potential of Chinese rockets is not accepted by the West. Hence India has a slot now, Somanath told IANS.
It was IANS which first said that India has an opportunity in the global commercial satellite launch market soon after the US and Europes economic sanctions against Russia for its military action.
All those countries feeling the pinch due to the absence of Russian rockets for satellite launches may look at alternatives. While the bulk of the satellite launch contracts will be taken by the US and Europe, there will be others who may look at other options. Indias neutrality has created a new market segment, Chaitanya Giri, Founder, DAWON Advisory & Intelligence, had told IANS.
Space sector exports had told IANS that to cash in on the opportunities, India should accelerate its satellite launch capabilities, and announce productivity-linked incentive (PLI) schemes for the aerospace sector.
A plan is being made to ramp up LVM3 production to four or five per year after one to two years. And investments are needed for that. NewSpace India Ltd (NAIL-commercial arm of ISRO) will look into how to do this, Somanath said.
Starting in 1999, ISRO has put into orbit 345 small foreign satellites till date using its rocket called Polar Satellite Launch Vehicle (PSLV).
For the first time ISRO is introducing its heavy lift rocket Geosynchronous Satellite Launch Vehicle-MkIII (GSLV-MkIII) into the global commercial launch market renaming it as LVM3.
Normally, the GSLV rocket is used for launching Indias geostationary communication satellites. And hence it was named as GeoSynchronous Satellite Launch Vehicle (GSLV). The GSLV MkIII refers to the third generation rocket.
As the rocket that will fly on Sunday morning will be orbiting the OneWeb satellites in Low Earth Orbit (LEO), ISRO has renamed GSLV MkIII as LVM3 M2 (Launch Vehicle MkIII).
On Sunday at 12. 07 a. m. the LVM3 will fly with 36 small satellites of Network Access Associated Ltd (OneWeb) in LEO.
OneWeb, is a joint venture between India Bharti Global and the UK government.
The satellite company plans to have a constellation of about 650 satellites in low earth orbit (LEO) to offer communication services.