India said it plans to share its technology involving the Polar Satellite Launch Vehicle, the country’s most reliable rocket, to help speed up development of the local space industry.
“We have released an expression of interest to transfer the technology of the PSLV rocket to the private sector,” Pawan Goenka, chairman of Indian National Space promotion and Authorization Centre, said in a recent interview. Only “companies that are majority owned and controlled by Indians” will qualify, he said.
The move is designed to bolster production of Indian rockets as the country seeks to become a hub for small satellite launches. Since Prime Minister Narendra Modi decided to open the industry to the private sector in 2019, hundreds of space-related startups have sprouted, and even billionaire Mukesh Ambani’s Jio Platforms Ltd. has voiced its plans to build a satellite constellation.
Still, two consecutive missions by the PSLV rocket, used to go to the moon and Mars, have failed in the past year.
The setback is temporary as the rocket has a track record of more than 60 launches without failure, Goenka said. He said India is seeing interest from many large groups looking for the right opportunity, though he didn’t specify names.
More stories like this are available on bloomberg.com
©2026 Bloomberg L.P.
Published on June 23, 2026
