ISRO Launches PSLV-C59 Rocket with ESA’s Proba-3 Satellite

Syllabus: GS3/ Space

In Context

• The PSLV-C59 carried the Proba-3 spacecraft into a highly elliptical orbit as a dedicated commercial mission by NewSpace India Limited (NSIL).
  • The PSLV-C59/Proba-3 mission is a testament to India’s growing prowess in space technology and its increasing prominence in the global space arena. 

About Proba-3 Mission (Project for Onboard Autonomy)

• Objective: Observe the Sun’s corona using precision formation flying—a world first.
• Spacecraft: The mission uses two spacecraft:
  • Coronagraph: Studies the Sun’s corona.
  • Occulter: Blocks the Sun to create artificial eclipses for better observation.

Benefits for India

• Global Market Presence: India holds 2-3% of the global space economy, with scope for exponential growth. 
• Economic Growth: Increased commercial launches and the development of space-related technologies can contribute to economic growth and job creation. Over $279 million earned from foreign satellite launches (2022).
• Technological Advancement: Participating in international collaborations like Proba-3 fosters technological advancement and strengthens India’s position in the global space industry.
• Strategic Importance: India’s growing space capabilities enhance its strategic autonomy and its role in international space exploration.

Key Initiatives

• IN-SPACe: This regulatory body plays a vital role in promoting private sector participation in the Indian space sector.
• Indian Space Policy 2023: The updated policy aims to further liberalize the space sector and encourage private investment and innovation.
• Startups and SSLV: The rise of private space startups and the development of the SSLV demonstrate India’s commitment to fostering a vibrant and competitive space ecosystem.

Source: TH