As many as 23 companies have expressed interest in acquiring the Small Satellite Launch Vehicle (SSLV) technology developed by the Indian Space Research Organization (ISRO), according to Pawan K Goenka, Chairman of the Indian National Space Promotion and Authorization Centre (IN-SPACe). IN-SPACe is an autonomous agency formed in 2020 to promote and supervise non-government entities in space activities.

Goenka stated that they are eager to see how the private sector utilizes the SSLV technology and has received a tremendous response so far. The technology transfer initiative aims to leverage ISRO’s expertise for private sector utilization. IN-SPACe had released an Expression of Interest (EoI) in July for the transfer of SSLV technology, with a deadline of September 25 for applications.

Notably, this is the first time that a full design of a launch vehicle is being transferred to the private sector by any agency worldwide. Goenka mentioned that 42 applications for space technologies are being considered for transfer to the private sector, and 19 technologies are ready for transfer. IN-SPACe is working closely with ISRO to facilitate this process.

Additionally, IN-SPACe is collaborating with state governments to establish manufacturing facilities and infrastructure for the space industry. They are in the process of signing an MoU with one state and working with another state on this initiative. The goal is to create an inclusive infrastructure setup that supports manufacturing activities.

During the International Conference on Space organized by the Confederation of Indian Industry (CII), a ‘Catalogue of Indian Standards for Space Industry,’ developed by IN-SPACe and the Bureau of Indian Standards (BIS), was released. This catalogue contains 15 standards that private players are recommended to follow in the space industry.

The event also saw Australian representatives expressing their commitment to collaborating with India in the space sector. They praised India’s achievements, particularly the Chandrayaan-3 and Aditya L1 missions. India’s vision is to grow the space economy from USD 8 billion to USD 44 billion by 2033, and the cooperation of all stakeholders is crucial in achieving this goal.