India Eyes Satellite Launch Business
"The mission was perfect," said G Madhavan Nair, chairman of the state-run Indian Space Research Organization (ISRO). Mr. Nair was celebrating the latest successful launch by India of a mission with 10 satellites from the Sriharikota space center off India's east coast. With its headquarters in Bangalore, the ISRO employs approximately 20,000 people, with a budget of around US$815 million. Its mandate is the development of technologies related to space and their application to India's development. In addition to domestic payloads, it offers international launch services. ISRO currently launches satellites using the Polar Satellite Launch Vehicle and the GSLV for geostationary satellites. This latest success by ISRO makes India a serious contender in the fast growing $2.5B commercial satellite launch business expected to grow rapidly over the next several years. The BBC is reporting that the rocket carried an Indian mini satellite to gather technological data which wil...