The Indian Space Research Organisation is readying to launch low-cost satellite vehicles costing about Rs 30-35 crore each, which can put into orbit satellites weighing 500 kg. The first such launch from the country is expected to take place in the next four months.
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This capability will give ISRO a big commercial boost as it will be able to cater to micro, mini and medium segments of the market. The biggest advantage is that ISRO now can manufacture these vehicles in a turnaround time of just three weeks. The Government Owned Contractor Operated (GOCO) model is picking up very well in the space and defence sectors.