The successful missions of ISRO prove that it is possible to accomplish sophisticated space missions in India. This demonstration of ability creates a great trust in the private sector. Nowadays, private companies are also inspired with ambitions to carry out their own projects in the sphere of aerospace thinking that they too can be successful.
ISRO Direct technology transfer is very important. Exchange of knowledge in the fields of satellites, rockets and launch systems gives access to necessary background knowledge to the private firms. Companies take the advantage of this foundation and develop new and efficient products and services to market.
The large-scale projects of ISRO create major demand for satellites, launch vehicles, and ground systems. This need provides tangible opportunities to the suppliers in the market. These firms are innovative, seeking to meet the high quality and price requirements at ISRO, creating dedicated production, and test capabilities.
ISRO has created one huge pool of skilled engineers and scientists. Most of them now turn to join or create personal aerospace companies. The movement takes the culture of technical excellence and problem-solving at ISRO and puts it directly into the private sector where it became one of the innovation engines.
ISRO is reliably regarded as a global manufacturer, which is an advantage to the whole Indian space manufacturing industry. Foreign customers give more weight to India-based privately owned businesses due to the reputation of ISRO. This external check serves to open new markets, and therefore, this forces the private firms to innovate at a higher level to remain competitive in the global market.
Conclusion:
ISRO is a vital foundation to the existence of the Indian privately owned aerospace industry. The fundamental base was laid by its technological successes, word of mouth basis of its knowledge transfer, high level of project in demand, the development of highly skilled humans as well as the credibility that was gained in the world. Private firms are now comfortable with the idea of innovation, constructing satellites, launch vehicles and services, and have had their confidence boosted due to the success of ISRO. This shows the very important role played by ISRO in the evolution of private sector innovation.
