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flag ISRO to transfer 50% of PSLV development to Indian industry, boosting private space growth.

flag ISRO plans to transfer 50% of PSLV development to an Indian industry consortium, building on domestic contributions of 80–85% to mission systems. flag The move supports growing industry involvement, with over 450 firms and 330 space startups now engaged. flag A HAL-L&T-led consortium has built the first rocket under the initiative, with a launch expected by February 2025. flag ISRO has also transferred SSLV technology to private firms. flag Key achievements include India’s 2023 Moon landing near the South Pole, the Mars Orbiter Mission’s precision, three indigenous cryogenic engines, and the 100th rocket launch in January 2024. flag India operates 56 satellites and aims to expand its fleet significantly, increasing annual launches to about 50 within five years.

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