In a bid to encourage private sector participation in the space sector, New Space India Limited (NSIL), a company under the Department of Space, had invited proposals from the Indian industry to build five PSLVs.🚀
Minister of State in the Jitendra Singh said two consortia, one comprising Hindustan Aeronautics Limited and Larsen & Toubro, and another involving Bharat Electronics Limited, Adani Enterprises Limited and Bharat Earth Movers Limited, have submitted proposals for building PSLV.🚀
State-run Bharat Heavy Electrical Limited too has submitted a techno-commercial proposal. The Indian Space Research Organisation (ISRO) had been working closely with the industry in building launch vehicles, satellites and other components.🚀
But it was for the first time in 2020 that the government opened up the sector for private participation for the entire spectrum of space operations, including planetary exploration missions.🚀
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