ISRO preparing 500 low cost satellite launch vehicles in 5 years

The Indian Space Research Organization is preparing itself to launch vehicles of cost Rs 30-35 crores. These vehicles are capable of carrying satellites weighing 500 kg

Highlights

According to ISRO, it has equipped itself to manufacture these satellite vehicles in around three weeks. ISRO has allocated 1,600 million USD to manufacture these satellite vehicles. Of this allocated amount, 870 million USD is to be used to produce PSLV (Polar Satellite Launch Vehicle). The remaining is to be used for Geosynchronous Satellite Launch Vehicle.

The plan of ISRO is to launch around 500 PSLVs in next five years.

The GOCO (Government Owned Contractor Operated) model has been performing well since its launch in both defence and space sectors. The model will help in achieving the target of ISRO.

Current Scenario

India is looking for opportunities to collaborate with UK and France Space agencies. The UK Space Trade Mission visited India in the mid of January 2020 to explore areas of cooperation.

India is also looking for opportunities to join hands with France to set up a model for the Moon Programme that is currently under operation in India.

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