This latest launch is of great significance, as for the first time, the organization has ventured into the global ‘launch market’. 
Antrix Corp., (the marketing arm of ISRO), charged the Italian Space Agency (ISA) $29,000 per kg (a total of $11 million), as against the international market rate of $10,000 a kg, charged for putting similar satellites into space. This heavy premium was primarily dictated by the precision & degree of difficulty involved in the venture. Expressing deep satisfaction at the successful completion of the mission, the ISA President Giovanni Bignami states, “This particular success would place the Indian space efforts on a totally different footing.” e big question is: Has India taken a giant leap into space launch market or is it merely a baby step in the right direction? There is no gainsaying that India needs to cross far too many hurdles, ranging from technological to geo-political, before beginning to run in the marketplace. India’s space endeavours began as early as 1963, but the first successful launch happened only in 1980. The failed launch of GSLV-F02 in 2006 was a huge stigma on India’s space programme.
Antrix Corp., (the marketing arm of ISRO), charged the Italian Space Agency (ISA) $29,000 per kg (a total of $11 million), as against the international market rate of $10,000 a kg, charged for putting similar satellites into space. This heavy premium was primarily dictated by the precision & degree of difficulty involved in the venture. Expressing deep satisfaction at the successful completion of the mission, the ISA President Giovanni Bignami states, “This particular success would place the Indian space efforts on a totally different footing.” e big question is: Has India taken a giant leap into space launch market or is it merely a baby step in the right direction? There is no gainsaying that India needs to cross far too many hurdles, ranging from technological to geo-political, before beginning to run in the marketplace. India’s space endeavours began as early as 1963, but the first successful launch happened only in 1980. The failed launch of GSLV-F02 in 2006 was a huge stigma on India’s space programme.For complete IIPM article click here
Source:- IIPM Editorial, 2006
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