ISRO to outsource work
3 November 2009
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Bangalore: The Indian Space Research Organisation (ISRO) is ready to outsource high-end work to private companies - everything from building more complicated systems to assembling it.
According to aerospace industry officials and others familiar with the discussions, proposals are being readied wherein private participation will be invited to build and run competing systems.
The commercial-aerospace industry is now eager to play a larger role in the space missions and tap the outsourcing work offered by ISRO which has an annual budget of $1.01 billion for 2009-2010. It has a spending blueprint of Rs 12,400 crore ($3 billion) for its manned space exploration and around Rs 425 crore will be spent for the second unmanned lunar mission — Chandrayaan-2. It also has huge spending plans for missions to Mars and various domestic and international satellite launches.
Source : http://economictimes.indiatimes.com
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