KOTRA ADITYA
6 months 3 weeks ago
Respected PM sir, ISRO’s LVM3, popularly known as the "Bahubali" rocket, is positioning India to capture a larger share of the multi-billion-dollar global space market through its recent heavy-lift successes and commercial partnerships. Expansion into the Heavy-Lift Market: Traditionally, ISRO’s revenue came from its "workhorse" PSLV for smaller satellites. The LVM3 (Bahubali) now allows India to compete for massive commercial communication satellites, a segment dominated by SpaceX and Arianespace. Economic Opportunity: Experts estimate the global space economy is worth over $447 billion. By proving the reliability and cost-effectiveness of its heavy-lift vehicle (boasting an 8-flight consecutive success rate), India aims to significantly increase its market share by 2030.
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