Become risk-sharing partners with us, ISRO tells industry
Indian Space Research Organisation (ISRO) wants the industry, which already accounts for 60 per cent of its budget, to become a risk-sharing partner as the countryâ€™s space programme gets bigger and into the fast-track.
Delivering the keynote address at Bengaluru Space Expo 2010 here, a four-day exhibition focusing on space, satellites and its technologies, ISRO Chairman K. Radhakrishnan urged the industry to become a risk-sharing partner in the coming years, which he said, would add strength to both parties.
The idea is to leverage each otherâ€™s strengths, with the industry even providing sub-assemblies and very large systems for rockets, other space programmes and ground segment.
â€œOverall quality in the industry will enhance. Itâ€™s a mutually beneficial action. We should take it up in right earnestâ€, Mr. Radhakrishnan, also Secretary in the Department of Space, said.
Read the full story.