Satellite launch costs in India to drop further: V.K. Saraswat
//WEB// “They are building new payloads and different types of satellites, including nano, micro and mini-satellites," Saraswat said. Saraswat said that India has the potential to become a hub for satellite launches. “That will be the future.
Already India has been launching satellites for other countries, but with the private sector participation in the sector, we will further attract other countries to come to launch their satellites with Indian launch vehicles. There is no doubt about it. We have already been launching satellites for other countries, but I think this will increase because space is becoming a service now.
We are quite competitive as far as the cost of launching a satellite is concerned. Indian costs are much lower compared to, say, America’s costs. We have a bright future, and I think the market can be exploited by major initiatives from the private sector," Saraswat said.
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