Satellite launch prices usually aren’t made public and a Chinese official made the rare comments on plans to reduce costs at an aerospace forum in Beijing this month. Reacting to China’s plans to drastically reduce launch costs, an ISRO official said not only is the Indian agency “competitive”, but it is working to reduce the cost of access to space through new technology. The effort is to bring down launch costs to “one-tenth” of what they are now, the official said. “As of now, India is quite competitive with regard to the prevailing global launch cost. Karnik said the Chinese effort to reduce costs in the sector was part of a global trend.

Source: Hindustan Times November 14, 2017 11:57 UTC