Indian industry partners, primarily MSMEs in the space and satellite sector, are working with ISRO as sub-contractors and vendors. They have migrated from being supply chain vendors to AIT (assembly, integration and design), which opens up immense market opportunity.
Indian MSMEs contributed over 10 components for ISRO’s Chandrayaan -2. They are in dialogue with not only the Indian Space Research Organisation (ISRO) to cater the burgeoning domestic demand but also original equipment manufacturers (OEMs) as suppliers to their global supply chain. Some of India's MSMEs are in talks with their international counterparts for collaboration to globalize their businesses.
Subba Rao Pavuluri, chairman and managing director of Ananth Technologies Ltd. claimed that Indian MSMEs are in a position to build a complete satellite and launch it.
The Indian Space Research Organization (ISRO)'s commercial arm NewSpace India Ltd has called for Expressions of Interest (EoI) from domestic private sector to make five Polar Satellite Launch Vehicles (PSLV) rockets. The first assignment of manufacturing 5 PSLV rockets will render the business of Rs. 1000 Cr. to the Indian manufacturing industry.
To facilitate the growth of MSME sector, the industry partners will be permitted to utilize the capital-intensive facilities already realized within ISRO centers under Government-Owned Company Operated (GOCO) model for this purpose wherever appropriate/feasible.
India’s current space aspirations are also opening avenues for other domains including data processing and communications networking for Indian technology SMEs.