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ISRO Transfers SSLV, PSLV, LVM3 to Private Sector Under Indian Space Policy 2023

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains HighStatic GK Link
11 Sept 2026
~2 min
Source: Indian Express
Key Data:SSLV cost ₹30 crorePSLV cost ₹100 croreHAL bid ₹511 crore for SSLVIndia space economy $9 billion in 2026Target $40-45 billion over next decadePrivate investment $618.5 million by March 2026
Bodies:ISROIN-SPACeNSILDepartment of SpaceHALL&T
Practice MCQs from today's news ▸
What This Article Covers

1.ISRO to stop manufacturing launch vehicles; SSLV, PSLV, LVM3 technology being transferred to private sector under handholding phases of 2-3 years.

2.Indian Space Policy 2023 defines roles: ISRO (R&D), IN-SPACe (promotion & authorization), NSIL (commercial arm), and NGEs (end-to-end space activities).

3.Goal is to increase India's global space economy share from <2% to $40-45 billion; private investment surged sixfold to $618.5 million by March 2026.

The Big Picture
Prelims · HighMains · High

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.

Exam Lens

Quick Exam Facts From News

SSLV Cost₹30 crore
PSLV Cost₹100 crore
HAL SSLV Bid₹511 crore
India Space Economy (2026)$9 billion
Space Economy Target$40-45 billion (next decade)
Private Investment (2021-22)$100.5 million
Private Investment (by March 2026)$618.5 million
IN-SPACe Established2020
Indian Space Policy2023
PSLV Commercialisation Year2022

1-Minute Revision

  • ›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.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which autonomous nodal agency acts as an interface between ISRO and non-governmental entities (NGEs) for promoting private space activities?

Q2Statement-basedHard

Consider the following statements regarding the Indian Space Policy 2023:

1. ISRO is to transition out from manufacturing operational space systems and focus on research and development.

2. IN-SPACe is responsible for commercialising publicly developed space technologies.

3. SSLV can be assembled in three days by six people.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what is the approximate cost of an SSLV launch vehicle?

Q4Application/ImpactMedium

What is the primary objective of transferring ISRO's launch vehicle manufacturing to the private sector?

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