Mon, 08 Apr 2013 17:00:00 GMT | By PTI

ISRO planning first privately built PSLV launch in 5 years

The space agency would look at various steps in this regard including the revenue model, technology transfer and related matters

ISRO planning first privately built PSLV launch in 5 years (© PTI)

New Delhi: Moving forward on its plans to rope in the industry in its activities, ISRO is looking towards the launch of the first privately built rocket in the next five years. The Indian Space Research Organisation has embarked on hiving off production of communication satellites and polar satellite launch vehicles (PSLVs) to the industry.

"We are now setting up a national committee to work out the modalities on how to go about it," ISRO Chairman K Radhakrishnan said when asked about the agency's plans to rope in the industry for producing PSLVs and communication satellites.

He said the space agency had told the industry representatives at a meeting in Ahmedabad in January that it was looking at PSLVs and communication satellites produced by them. "My target is five years from now on. Five years from now the first PSLV will roll out from that entity," Radhakrishnan said.

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