September 08, 2006
Outsourcing goes extra-terrestrial
It's truly the era of outsourcing. After carving a big pie for itself in industry segments catering to the material requirements on the ground, outsourcing is set to cater to requirements in outer space. The Indian Space Research Organization (ISRO) is now turning to the outsourcing way by farming out its satellite and rocket development work to private companies.
If all goes well, private companies will soon be building entire satellites for ISRO. The step has become necessary because of the increasing demand for putting satellites into orbit every year.
It is interesting to note that the recent crash of the GSLV satellite was because of a mechanical fault in an engine built by a private firm. However, this doesn't seem to have deterred ISRO in its outsourcing program.
ISRO has already short listed eight companies—including industry leaders like L&T, Tatas, Mahindra and Godrej—and in the next few months, proposals from these companies will be reviewed and finalized one way or the other.
IBNLive has more on the story.
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