Q. What is 'LVM3', recently mentioned in news?
Answer:
Launch vehicle of ISRO
Notes: ISRO has invited private firms to build India's heaviest rocket, LVM3, a launch vehicle, marking a significant step towards greater private sector involvement in the space program. This initiative aims to strengthen India's position in the global satellite launch market. LVM3, formerly GSLV-MkIII, can carry up to 4-tonne satellites to geostationary orbit and 8-tonne to lower orbits. ISRO plans a 14-year collaboration, with technology transfer in the first two years.