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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 finished, Indian Space Research Organisation (ISRO) chief Ok. Sivan mentioned on Saturday.

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

Interacting with reporters right here through video convention, Sivan mentioned 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 can be about 2,300 acres, a state authorities official had instructed earlier.

Major area 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 area sector for personal sector, Sivan mentioned the worldwide area sector market dimension is about $350 billion and India’s share is lower than three per cent and the share won’t enhance if the ISRO stays the only real participant.

He mentioned the federal government can be establishing Indian National Space Promotion and Authorisation Centre (IN-SPACe) that may allow non-public sector participation in the area 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 area software providers and 48 per cent by the bottom tools.

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

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