Business Daily from THE HINDU group of publications Wednesday, Jul 12, 2006 |
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Opinion
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Editorial GSLV failure
Failures are indeed not uncommon in the satellite launching business. The Indian Space Research Organisation knew that only too well: four of the eight launches it conducted between 1979 and 1993 did not make the grade. But it then left those stutters and jitters behind with a string of 12 successful launches in as many years and clearly demonstrated the new levels of self-reliance it had gained in technology as well as the confidence to succeed in the risky business of rocket launches. Given this enviable track record, the first-stage mishap that brought down the Geosynchronous Satellite Launch Vehicle on Monday with its payload, the 2.1-tonne INSAT-4C, might not seem too insurmountable a problem. That ISRO did not insure the flight may not help mitigate the financial loss, but the larger commercial impact will be in the business confidence marred because the Organisation was on the verge of breaking into the lucrative, though competitive, global space transportation market. Its plan to offer a cost-effective launch facility for heavier satellites and space-based services will have to wait for at least a year, till the next GSLV launch can be undertaken. That the space agency's costs are estimated to be 25-30 per cent lower than those of such competitors as Arianespace and Lockheed Martin, and heading even lower, highlights the opportunities that will be lost in the market.
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