New Delhi, Sep 10
India's space sector saw its 100th Technology Transfer Agreement on Wednesday, enabling Hindustan Aeronautics Limited (HAL) to independently produce Small Satellite Launch Vehicles (SSLVs).
The agreement, facilitated by the Indian National Space Promotion and Authorisation Centre (IN-SPACe), was signed by the Indian Space Research Organisation (ISRO), NewSpace India Limited (NSIL), Indian National Space Promotion and Authorisation Centre (IN-SPACe), and HAL.
The agreement will help India meet the increasing demand in the global small-satellite launch market.
Dr D.K Sunil, CMD, HAL, said that the company will use its engineering and manufacturing strength to build SSLVs, train the required workforce to build a self-reliant, cost-competitive business ecosystem in India to domestic and global customers.