New Delhi, Due to international geopolitical situation, reliability, low cost etc., India is progressing as a trusted country of the world in the space market.
Many countries are launching satellites into space for telecommunication services, among others. India is one of the few countries to launch satellites.
Until now, the rest of the world depended on Russia, China, and the United States to launch their satellites. In this case, Russia launched a war on Ukraine, an Eastern European country.
Subsequently, the United States and European countries have strongly opposed Russia. Thus, these countries are not ready to receive help from Russia.
There is a fierce conflict between China and America in terms of trade and economy.
China is trying to position itself as the strongest country in the world. There is also a complaint that China is spying on the countries of the world. Because of this, China has also been shunned by the rest of the world.
In this case, America’s richest businessman Elon Musk’s company ‘SpaceX’ is currently flying the flag in the space trade.
According to an estimate, the space trade, which was Rs.5 lakh crore in 2020, will rise to Rs.5 lakh crore in 2025.
Meanwhile, more than 100 satellites of British OneWeb, a European country, were recently successfully launched by the Indian Space Research Organization (ISRO) rocket.
Before this, ௩௬ satellites were launched in October last year.
With the worldwide demand for high-speed Internet service, sending satellites into space has become big business.
ISRO’s NuSpace India is getting contracts to launch commercial satellites.
France’s Arianespace has delayed production of a new rocket. British businessman Richard Branson’s recent rocket launch by Virgin has ended in failure.
As a result, the world is looking forward to SpaceX.
In this scenario, “the international geopolitical situation, very low cost and reliability are in favor of ISRO.
“Thus, India is getting more contracts to launch commercial satellites,” said Radhakrishnan, president of NewSpace.