Not enough demand for satellite launch market in India yet: Isro chairman

ISRO Chairman S Somanath on Wednesday said there is not enough internal demand for the satellite launch market in India but it can be created through more work on the application of satellite technology.

Addressing the India Space Congress 2024, he said big companies are willing to enter the space sector but they are concerned about the timeline for breaking even and securing orders.

"When I talk to many of those industries who are willing to come and set up facilities, they are all very ready to do it. But they are asking when they are going to break even and where the orders are so that they can safely invest in this. I think this is a big question.

"It is the bigger challenge of convincing investors to come in a big way in big state projects," the leading space scientist said.

At a press conference on the sidelines of the Space Congress, he said, "We need to create more internal demand. That implies internal demand is not enough. All of us are working towards that. The demand wi