Big firms eye ISRO's rocket tech; DealShare's sale talks
Happy Monday! Big industrial groups are vying to get a piece of ISRO’s heavy rocket technology. This and more in today’s ETtech Morning Dispatch.
Major industrial conglomerates are competing for access to ISRO's heavy LVM3 rocket technology, according to today's ETtech Morning Dispatch. Leading firms such as L&T, Adani Group, Mahindra, Bharat Forge, Solar Industries, and Inox India are among those exploring options to participate in the technology transfer program. This development is part of ISRO's strategy to delegate routine launch manufacturing and commercial operations to private industry, enabling the space agency to concentrate on advanced and deep-space missions.
The move follows ISRO's recent transfer of SSLV rocket to HAL, with the latter contracted to manufacture five PSLV-XL rockets. Bidding for LVM3 technology is anticipated to commence in October.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
