India Seeks to Capture 10% of World Space Launch Market

India plans to control up to 10% of commercial space launches in the world within five years, the director of the Indian Space Research Organization said Monday.

The rocket carrying Insat-4CR satellite blasts off from Sriharikota space station in southern India Sep. 2 (AFP Photo)

Madhavan Nair said his country intends to capture 5-10% of the market within the next five years, referring to the launch of satellites with a weight of over two tons.

On Sunday, India successfully launched its latest communication satellite, a development that will boost the Direct-to-Home services and digital networking in the country, according to The Press Trust of India.

The Geosynchronous Satellite Launch Vehicle-F04 placed the 2,130-kilogram (4,600-pound) satellite into a Geosynchronous Transfer Orbit (GTO) at an altitude of 248 kilometers (150 miles) about 17 minutes after liftoff.

"It has been an excellent performance of the launch vehicle. There have been a number of critical moments on this happy occasion," PTI quoted Nair as saying.

INSAT-4CR is a replacement of its earlier version INSAT-4C that was destroyed July 10 last year when the launch vehicle GSLV-F02 crashed 56 seconds after liftoff due to the malfunctioning of a booster motor.

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