For its "person and cargo transportation capsule programme," the Indian Space Research Organisation (Isro) and Gurugram, Haryana-based commercial space company Vyom Space Exploration and Services Private Limited have signa memorandum of understanding (MoU).
The MoU was made possible by the Indian National Space Promotion and Authorization Center, India's official space authorization organisation (In-Space).
The firm is being fostered under "JSIIC," according to Isro. The body did not make any information on the incubation programme or Isro's intended deadlines publicly available.
The module that any cargo is placed within for transportation into space is referred to as a "capsule" in a space mission.
The astronauts are kept inside the capsule during manned missions. With the exception of Crew Dragon, a reusable people and cargo module from US-based commercial space company Elon Musk's SpaceX, the capsules have mainly been single-use.
Vyom Space's creator and CEO, Manish Kukreti, revealed to Mint that the business has thus far collaborated with European research and development (R&D) partners to build its product.
"India is not a market that has all of the necessary space infrastructure in place, so we had to work with international partners to create our product. Reusable capsules that can transport freight and ultimately people will be in high demand in the space business, but only the US and China have so far been able to create one, according to Kukreti.