Current Affairs - Technology - Discussion
Discussion Forum : Technology - Latest Current Affairs (Q.No. 44)
44.
Which organization secured a ₹511 crore technology transfer deal from ISRO to manufacture and commercialize Small Satellite Launch Vehicles (SSLVs)?
Answer: Option
Explanation:
Hindustan Aeronautics Limited (HAL) won a ₹511 crore Transfer of Technology deal from ISRO to manufacture and commercialize Small Satellite Launch Vehicles (SSLVs). This deal represents a pivotal shift in India’s strategy to promote commercial space operations by involving public sector industries in the production and operation of satellite launch vehicles. HAL was chosen as the top bidder after a thorough evaluation process and will receive two years of hands-on training and support from ISRO. Following this phase, HAL is expected to produce SSLVs independently, with future plans to manufacture 6–12 SSLVs annually, contributing significantly to India’s space commercialization goals.
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