Isro puts India in $ 100-bn club - Views on News from Equitymaster

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Isro puts India in $ 100-bn club

May 27, 1999

The Indian Space Research Organisation (Isro) has emerged as a serious contender in the $ 100-bn global space launch services market, following a triple-satellite launch at Sriharikota yesterday. Isro put into orbit the Oceansat satellite, primarily built for ocean and weather applications, along with two other foreign satellites. The indigenously built polar satellite launch vehicle (PSLV) placed for the first time into a polar orbit of 727 km the Indian remote-sensing satellite (IRS-P4), also called Oceansat, weighing 1,050 kg. The South Korean Kitsat-3 and German DLR-tubsat were the auxiliary payloads. K. Kasturirangan, chairman, Isro, said many countries, including the US, have already expressed interest in using Isro's launch services and their proposals are being evaluated. The organisation intends to price its launch services 20 to 30 per cent lower than its global rivals.

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