The model for the development of the Next Generation Launch Vehicle (NGLV) will be announced soon and that will provide a huge opportunity for industries to come into the space sector right at the beginning of design itself, ISRO chief S Somanath said on Monday.
Last month, the Union Cabinet approved the development of NGLV. It will be a significant step towards establishing and operating the Bharatiya Antariksh Station, as well as towards developing capability for Indian crewed landing on the Moon by 2040.
While mentioning about NGLV, Somanath on Monday said ISRO will support the development but the production and launches will move over to the industry right at the beginning.
The mode for developing NGLV will be announced soon. It is going to be a huge opportunity for industries to come into the space sector right in the beginning of design itself, he added.
The NGLV development project will be implemented with maximal participation from the Indian industry, which is also expecte
