{"id":34652,"date":"2022-11-09T09:17:12","date_gmt":"2022-11-09T03:47:12","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=34652"},"modified":"2025-04-20T15:58:01","modified_gmt":"2025-04-20T10:28:01","slug":"indias-first-private-launch-vehicle-all-set-for-maiden-flight","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/indias-first-private-launch-vehicle-all-set-for-maiden-flight\/","title":{"rendered":"India\u2019s first private launch vehicle all set for maiden flight"},"content":{"rendered":"<h3><strong>What\u2019s in today\u2019s article:<\/strong><\/h3>\n<ul>\n<li><strong>Background (About India\u2019s Space Sector)<\/strong><\/li>\n<li><strong>About IN-SPACe (Objectives, Functions, HQ, etc.)<\/strong><\/li>\n<li><strong>News Summary (Launch of Vikram-S, Mission Prarambh)<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>Why in news?<\/strong><\/h3>\n<ul>\n<li>India\u2019s first privately developed launch vehicle \u2013<strong>Vikram-S<\/strong>\u00a0\u2013 is all set to make its maiden flight from the country\u2019s only spaceport in Sriharikota between November 12 and 16.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Background:<\/strong><\/h2>\n<ul>\n<li>Led by Indian Space Research Organisation (ISRO), India\u2019s space program has impressively evolved for the past 50 years.<\/li>\n<li>In terms of technological capabilities\u00a0India ranks among the top 5 space faring nations of the world.\n<ul>\n<li>India is globally recognised for building low-cost satellites and launch vehicles.<\/li>\n<\/ul>\n<\/li>\n<li>Despite having world\u2019s most accomplished space program, India\u2019s space sector accounts for only2-3% of the global space economy.\n<ul>\n<li>The global space economy is estimated at ~US $440 billion.<\/li>\n<\/ul>\n<\/li>\n<li>To increase the share in the global business, Government of India has initiated the space sector reforms, to promote, handhold, regulate and authorise private enterprises and start-ups to undertake space activities.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Indian National Space Promotion and Authorization Center (IN-SPACe):<\/strong><\/h2>\n<ul>\n<li>IN-SPACe is an independent nodal agency under\u00a0<strong>Department of Space<\/strong>\u00a0(DoS).<\/li>\n<li>It was set-up for allowing space activities and usage of DoS owned facilities by non-governmental private entities as well as to prioritize the launch manifest.\n<ul>\n<li>As a part of space sector reforms in\u00a0<strong>June 2020<\/strong>, the Government of India had set up the IN-SPACe.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Objective<\/strong>\u00a0\u2013\u00a0<strong>To ensure greater private participation in India\u2019s space activities<\/strong>.<\/li>\n<li>IN-SPACe will act as an interface between ISRO and private parties, and assess how best to utilise India\u2019s space resources and increase space-based activities.<\/li>\n<li>It will assess the needs and demands of private players, including educational and research institutions, and, explore ways to accommodate these requirements in consultation with ISRO.<\/li>\n<li>Headquarters of IN-SPACe is located in\u00a0<strong>Ahmedabad, Gujarat<\/strong>.<\/li>\n<li>IN-SPACe is the second space organisation created by the Government in the last two years.\n<ul>\n<li>In 2019 Union Budget, the Central Government had announced the setting up of a\u00a0<strong>New Space India Limited (NSIL)<\/strong>.<\/li>\n<li>NSIL is a Public Sector Undertaking (PSU) set up to serve as a\u00a0marketing arm of ISRO.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Foreign Direct Investment (FDI) Approval in Space Sector:<\/strong><\/h2>\n<ul>\n<li>Presently, FDI in space is allowed under government route only for satellite establishment and operations.<\/li>\n<li>FDI in space is approved by the Government on a case-by-case basis and often this approval takes time.<\/li>\n<li>However, witnessing the change in approach of the Indian Government towards private players involvement,\u00a0<strong>Indian companies will be allowed to invest up to 100% and 70% through FDI with approval of centre in all the streams<\/strong>\u00a0Upstream, mid-stream and downstream segment.<\/li>\n<\/ul>\n<p><strong>Present Scenario:<\/strong><\/p>\n<ul>\n<li>IN-SPACe has so far received 67 proposals in the areas of launch vehicles, satellites, space applications, ground systems and research from entities from small to big entities.<\/li>\n<li>Moreover, 10 memorandums of understanding (MoUs) have been signed between private players and IN-SPACe, including eight in payload and two in vehicle launches.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>News Summary:<\/strong><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/vajiramandravi.s3.us-east-1.amazonaws.com\/media\/editor_images\/2022\/11\/9\/12\/53\/58\/636b558ecab07908e0231dbf_OI.PNG\" alt=\"\" \/><\/p>\n<ul>\n<li>Hyderabad-based space technology startup\u00a0<strong>Skyroot Aerospace\u00a0<\/strong>is set to make history by sending India\u2019s first privately-developed rocket \u2013 Vikram-S \u2013 into space.<\/li>\n<li>Marking the beginning of private sector launches, the mission named \u2018<strong>Prarambh<\/strong>\u2019 will see Vikram-S rocket carry three customer satellites in a sub-orbital flight.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>About Mission Prarambh:<\/strong><\/h2>\n<ul>\n<li>The Vikram-S rocket is a single-stage sub-orbital launch vehicle.\n<ul>\n<li>Sub-orbital flight are\u00a0those vehicles which are travelling slower than the orbital velocity\u00a0\u2013 meaning it is fast enough to reach outer space but not fast enough to stay in an orbit around the Earth.<\/li>\n<\/ul>\n<\/li>\n<li>Under mission Prarambh, Vikram-S will carry three customer satellites in a sub-orbital flight.<\/li>\n<li>With this mission,\u00a0Skyroot Aerospace is set to become the first private space company in India to launch a rocket into space.<\/li>\n<li>Skyroot&#8217;s launch vehicles are named &#8216;Vikram&#8217; as a tribute to the founder of the Indian space programme and renowned scientist Vikram Sarabhai.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Vikram-S India&#8217;s first privately built rocket. It&#8217;s maiden flight lifted on 18-11- 2022 from,Sriharikota.<\/p>\n","protected":false},"author":5,"featured_media":34653,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":{"0":"post-34652","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/34652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=34652"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/34652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/34653"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=34652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=34652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=34652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}