States » SouthPosted at: Jun 21 2025 5:38PM


ISpA hails HAL winning SSLV bid

Chennai, June 21 (UNI) The Indian Space Association (ISpA) on
Saturday welcomed the HAL foraying into the commercial launch
segment by winning the bid for manufacturing SSLVs.
In a statement here, ISpA Director General Lt. Gen. AK Bhatt (retd)
said this is a pivotal moment for the Indian private space industry
as it moves towards a five-fold expansion, aiming to capture a larger
share of the USD 44 billion global launch market.
"We congratulate HAL on winning the historic bid to manufacture
and commercialize India's Small Satellite Launch Vehicle (SSLV)",
he said.
This landmark achievement marks a transformative step in the
government's vision to open the space sector to private enterprise
and innovation, he said.
HAL's entry into the commercial launch market will not only accelerate
India's ambitions in the global space economy, but also create new
opportunities for startups and private players across the value chain.
The transfer of SSLV technology to HAL sets a powerful precedent,
encouraging greater industry participation, fostering indigenous
capabilities and building a robust ecosystem where Indian startups
can collaborate, innovate and scale, Lt Gen Bhatt said.
UNI GV 1730
Tags: #ISpA hails HAL winning SSLV bid
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