ISRO is transitioning from manufacturing operational launch vehicles to a pure R&D role, transferring SSLV, PSLV, and LVM3 production to private industry. This shift, mandated by the Indian Space Policy 2023, aims to expand India's share in the global space economy from less than 2% ($9 billion in 2026) to $40-45 billion over the next decade. The move opens up significant commercial opportunities for private players while preserving ISRO's expertise for strategic and scientific missions.
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- ›SSLV Cost: ₹30 crore
- ›PSLV Cost: ₹100 crore
- ›Target this Data: SSLV cost ₹30 crore, PSLV ₹100 crore; HAL won SSLV bid at ₹511 crore.
- ›Target this Nodal Body: IN-SPACe (interface between ISRO & private entities) under Department of Space.
- ›Target this Legal Point: Indian Space Policy - 2023; commercialisation of PSLV started in 2022.
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