Warplane maker HAL wins bid to privatise India's small satellite launch rockets
Hindustan Aeronautics Ltd (HAL) has secured the bid to privately produce India's small satellite launch rockets, marking a significant move to open the space industry to private players. HAL's winning bid was 5.11 billion rupees, with technology transfer expected to take two years. This privatization aligns with the government's goal of expanding India's space economy significantly by 2030.
Hindustan Aeronautics Ltd (HAL) has secured the bid to privately produce India's small satellite launch rockets, marking a significant move to open the space industry to private players. HAL's winning bid was 5.11 billion rupees, with technology transfer expected to take two years. This privatization aligns with the government's goal of expanding India's space economy significantly by 2030.
