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Reading: After the changes in ISRO, a 54 year old institute, its effect is visible, focus will be on private participation and foreign investment.
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After the changes in ISRO, a 54 year old institute, its effect is visible, focus will be on private participation and foreign investment.

Team Happen Recently
Last updated: 2023/09/29 at 4:35 PM
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ISRO

 The soft landing of the Chandrayaan-3 mission was a triumph of India’s low-cost space engineering and science, according to more than a dozen current and former employees, industry experts and 10 consultants.  It was also a quiet initiative to make India’s 54-year-old space agency accessible.  It is known that the landing of Chandrayaan-3 mission was watched live-streamed on YouTube by more than 8 million people.              

Bengaluru, Agency.  When Indian Space Research Organization (ISRO)’s Chandrayaan-3 mission landed on the Moon, more than 8 million people watched the live-stream of the event on YouTube, setting a site record.

 According to more than a dozen current and former employees, industry experts and 10 advisers, the landing was a victory for India’s low-cost space engineering and science, as well as reestablishing the 54-year-old space agency as acceptable.  It was an initiative.

India’s share will increase by 2040

 It is known that the $400 billion global commercial space market is expected to be worth $1 trillion by 2030, but at present India has only 2% share, which is about $8 billion.  It is believed that the government will bring a change in this and India is expected to earn an income worth $40 billion by 2040.

Prime Minister Narendra Modi has called upon the agency to make India a profitable space superpower.  To get there, the country needs to involve young scientists, startups, investors and private industry partners, senior ISRO scientists said.

 S Somnath given credit for change in ISRO

 ISRO insiders S for this.  Credit Somnath, who took over as president in 2022.  He played a vital role in getting everyone in the organisation on board with the changes.  S Somnath from news agency Reuters said they had also implemented other smaller changes, such as encouraging break times, informal problem-solving chats and refreshment kiosks where employees could meet over tea.

“The little things that global companies have are not automatically available in government organisations all the time. Many ideas can be better discussed over a cup of tea,” Somnath said.  Employees and experts say they feel more autonomy and the new environment of direct interaction helps projects move faster.

Started with a bicycle

 Stories of ISRO’s humble beginnings, where scientists built a church to be the agency’s first launch “mission control room” and carried rocket parts by bicycle, are famous in the country.  ISRO recently landed a rover on the south pole of the Moon, after which India became the first country to do so.

 ISRO has many big goals in front of it

 ISRO now focuses on studying the Sun, sending astronauts into orbit, exploring Venus and has partnered with NASA for planetary defence and deep space exploration.  “Space is an important space through which you establish yourself as a superpower. The US is there, China is there, so is India,” said Ashok Sharma, visiting fellow at the Australian Defense Force Academy, University of New South Wales, Canberra.  Will have to stay there.”

Government will open doors to foreign investment

 PM Modi’s government is emphasising on the development of India’s space industry.  Insiders say he has shown personal interest in inviting foreign investment in the sector.

 It is expected that the government will open the doors to foreign investment in this sector this year.  ISRO will focus on exploration and new science, while three separate bodies – Indian National Space Promotion and Authorization Center (IN-SPACE), NewSpace India Limited (NSIL) and Indian Space Association (ISPA) – will interact with the private sector and  Will promote business.

For information visit at https://happenrecently.com/zepto/?amp=1

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TAGGED: Buisness, happenrecenly, ISRO, Space

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