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Chennai: The land acquisition for India’s second rocket launch centre at Kulasekarapattinam in Tamil Nadu’s Tuticorin is progressing and additional work will progress after that is achieved, Indian Space Research Organisation (ISRO) chief Ok. Sivan stated on Saturday.

With the Central authorities asserting the opening up of the house sector for the non-public sector, Sivan, who can be the Secretary in the Department of Space, stated many start-up firms have expressed interest in the house sector whereas big corporates are yet to come to the entrance.

Interacting with reporters right here through video convention, Sivan stated the method of buying land is in progress in Kulasekarapattinam for constructing a second rocket launch centre and solely after the land is handed over, then work would progress additional.

The land requirement for the undertaking might be about 2,300 acres, a state authorities official had instructed earlier.

Major house faring nations have a number of rocket launch websites.

India presently has one rocket port at Sriharikota in Andhra Pradesh with two launch pads.

On the rationale for opening up the house sector for personal sector, Sivan stated the worldwide house sector market dimension is about $350 billion and India’s share is lower than three per cent and the share is not going to enhance if the ISRO stays the only participant.

He stated the federal government might be organising Indian National Space Promotion and Authorisation Centre (IN-SPACe) that can allow non-public sector participation in the house sector based mostly their deserves.

According to Sivan, out of the $350 billion international market, the share of rocket launch service is 2 per cent, manufacturing of satellites is about 5 per cent, 45 per cent is accounted by house utility companies and 48 per cent by the bottom tools.

Reiterating that ISRO’s work shouldn’t be being handed over to the non-public sector, Sivan stated the previous will proceed to keep it up with its work.

Queried about India’s human house mission Gaganyaan, Sivan stated there might be some delay due to Covid-19 pandemic and the lockdown.