In a major push toward privatization and industrial collaboration, the Indian Space Research Organisation (ISRO) has announced plans to transfer 50% of the development of its workhorse launch vehicle, the Polar Satellite Launch Vehicle (PSLV), to an industry consortium. The announcement was made by ISRO Chairman V Narayanan during the 7th edition of the India Manufacturing Show held in Bengaluru on November 6, 2025.
Narayanan highlighted the growing role of domestic aerospace, defence, and engineering firms in India’s space missions, noting that these industries already contribute approximately 80–85% of the systems used in ISRO’s operations. “Today, when you look at the PSLV, the workhorse of India, the consortium led by HAL and L&T has produced the first rocket. We are going to launch it before the end of this financial year, mostly by February,” he stated.
The consortium, spearheaded by Hindustan Aeronautics Limited (HAL) and Larsen & Toubro (L&T), has successfully completed the assembly of the first PSLV under this new industrial model. This marks a significant milestone in India’s space sector, as it transitions from a government-led framework to a more collaborative, industry-driven approach.
The move is part of ISRO’s broader strategy to enhance manufacturing capabilities, reduce turnaround times, and increase launch frequency by leveraging private sector efficiencies. It also aligns with India’s vision to become a global hub for space technology and satellite deployment.
Narayanan emphasized that the transfer of PSLV development is not merely symbolic but reflects ISRO’s confidence in the technical and operational capabilities of Indian industry. The upcoming launch of the consortium-built PSLV will serve as a litmus test for future collaborations and could pave the way for deeper integration of private players in India’s space missions.
This initiative is expected to boost employment, innovation, and investment in the space sector, while allowing ISRO to focus on advanced research, deep space exploration, and strategic missions.
