The Indian Space Research Organization (ISRO) has asked the business community to work with it to construct a reusable rocket capable of launching bigger payloads into orbit as India plans to build its own space station by 2035.
Isro News:The Next-Generation Launch Vehicle (NGLV) is what the space agency is working on designing, according to ISRO Chairman S Somanath, and the company would like to partner with it on the development.
“The goal is to involve business in the development process. We are not required to invest the entire sum. To build this rocket for all of us, we want the industry to invest, Somanath told PTI.
He stated that a 20-ton payload for low earth orbit or a 10-ton payload for geostationary transfer orbit will be carried by the rocket.
The new rocket, according to a different ISRO official, will be useful as India looks to launch numerous communication satellites simultaneously into orbit as well as deep space missions, human spaceflights, cargo trips, and the construction of its own space station by 2035.
The NGLV is envisioned as a straightforward, durable machine made for mass production that will lower the cost of space travel.
The Polar Satellite Launch Vehicle (PSLV), the workhorse rocket of ISRO, cannot be used to launch rockets in the future, according to Somanath, because it is based on technology created in the 1980s.
The first launch of the NGLV is anticipated to occur in 2030, and ISRO expects to have the design completed and available to the industry within a year.
Green fuel mixtures like kerosene and liquid oxygen or methane and liquid oxygen might power the three-stage NGLV rocket.
The NGLV could offer launch costs of $1900 (approximately Rs. 1,56,600 per kg of payload) in the reusable form and $3,000 (about Rs. 2,47,200 per kg) in the disposable configuration, according to a presentation delivered by Somanath at a conference earlier this month.
Isro News:Developing the Space Ecosystem in India: Focusing on Inclusive Growth” estimates that India’s space economy will reach $12.8 billion (approximately Rs. 1,05,500 crore) by 2025, up from an estimated $9.6 billion (about Rs. 79,100 crore) in 2020.
Isro News :By 2025, the ground segment would have a turnover of $4 billion (roughly Rs. 32,900 crore), satellite services and applications would have a turnover of $3.2 billion (roughly Rs. 26,375 crore), satellite manufacturing would have a turnover of $4.6 billion (roughly Rs. 37,900 crore), and launch services would have a turnover of $1 billion (roughly Rs. 8,242 crore).