The Adani Group and two state-linked firms have been shortlisted to take over production of India’s Small Satellite Launch Vehicle (SSLV).

India aims to expand its commercial space sector and boost its share in the global satellite launch market, currently led by SpaceX.

The finalists include Adani-backed Alpha Design, Bharat Dynamics, and Hindustan Aeronautics.

The winner will pay India’s space agency about 3 billion rupees (US$30 million) for access to the SSLV’s design, manufacturing processes, and technical support for up to 24 months or two successful launches.

Bidders must prove financial stability and manufacturing expertise as India pushes to grow its space economy to US$44 billion by 2030.

With the satellite launch market projected to hit US$113 billion by 2030, SSLV privatization could position the winner as a key regional player.

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