“We are looking at a possible model for investment, technology sharing and responsibility with private and public industries in the field of space,” ISRO chairman K Radhakrishnan told reporters Sriharikota.

“The response from the industries so far is positive. But we will take another three or four years to finalise the model," he added.

Addressing journalists after the successful launch of IRNSS 1B, the second of the seven satellite Indian Regional Navigation Satellite System (IRNSS) from Satish Dhawan Space Centre here, he said the model would be finalised in such a way that it would work for the country.

ISRO was hoping for better participation of private industries in the space industry, he said.

Over 60 missions including satellites and rockets were being planned in the 12th five year plan period.


Latest News from India News Desk