NewSpace India Limited (NSIL), the commercial arm of the Indian Space Research Organisation (ISRO), has signed a memorandum of understanding (MoU) with France-based satellite launch company Arianespace aiming at establishing a long-term partnership between the two companies to meet the global commercial satellite launch service market needs.
As part of the MoU, the heavy liftlaunch vehicle LVM-3 of NSIL and Ariane-6 of Arianespace would address global launch service market needs, meeting the demand for launching heavier communication/earth observation satellites as well as satellites for mega constellations.
As per NSIL, the global launch service market assessment for the decade indicates huge demand for launching satellites in geosynchronous transfer orbit (GTO) and low earth orbit (LEO).
