India's space agency announced that Hindustan Aeronautics Limited (HAL) had won the contest to build the nation's Small Satellite Launch Vehicle (SSLV).

HAL's winning bid of Rs.511 crore allowed them to acquire the SSLV technology transfer.

HAL outbid two qualified consortiums led by Alpha Design of the Adani Group and Bharat Dynamics Ltd. to become the Indian Space Research Organization's (ISRO) top bidder for the transfer of technology (ToT).

Remarkably, HAL distinguished itself in the bidding process by applying alone rather than in a coalition.

This is the most significant step the Indian government has taken to allow private enterprise to operate in its rapidly expanding space sector.

This victory marks a significant turning point in India's efforts to establish a robust commercial space environment since it grants HAL the authority to not only construct SSLV launches but also to own and market them.

According to reports, which cited Pawan Goenka, Chairperson of the Indian National Space Promotion and Authorization Centre (IN-SPACe), the SSLV is designed to address the growing demand for small satellite deployment worldwide and can deliver payloads of up to 500 kg to low-Earth orbit.

 

Almost 20 companies expressed interest in participating in the bidding process. As part of Prime Minister Narendra Modi's policy changes to liberalize India's space sector, this is the first strategic transfer of rocket technology.

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Based on Global Market Insights, the low-Earth orbit launch vehicle market is expected to quadruple to $44 billion by 2032 from its 2023 valuation of $13.9 billion.

Additionally, Safran Aircraft Engines, the top French engine manufacturer in the world for aircraft engine design, development, and production, and Hindustan Aeronautics Limited (HAL), the top aerospace and defense company in India, signed a deal for the industrialization and production of rotating parts for LEAP engines during the 55th edition of the Paris Air Show.

The memorandum of understanding signed in October 2023 by Safran Aircraft Engines and HAL to develop industrial cooperation in the manufacturing of LEAP engine parts, as well as the contract signed last February by both partners to produce forged parts, are followed by this agreement, which supports the government's "Make in India" policy. By producing Inconel parts, Safran Aircraft Engines is so broadening the scope of its collaboration with HAL and maintaining its presence in India.

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Supporting the robust expansion of the Indian aerospace industry and facilitating the expansion of LEAP engines that power single-aisle civil aircraft are the goals. Safran Aircraft Engines is working to achieve this goal by building new facilities in India and strengthening its relationship with key Indian partners like HAL in order to create a comprehensive aerospace ecosystem.