Bengaluru: Is it unprecedented, L1 Quotes (lowest bid) by the Consortium that won the 12 Earth Observation Satellites project, which is being implemented as PPP by in-space, is 0 rupees (zero rupees). Consortium, which will bear the financial cost of the project, will invest more than Rs 1,2000 crore in the next four-five years.Confirming this, the chairman of the in-space, Pavan Goenka, told TOI in a conversation: “Obviously it was a competitive bid and each bidder would have evaluated the value of giving opportunities to make this constellation. In the judgment of the winner bidder, he decided that even though he does not get any money from the government, it is important for them to get an opportunity to develop it and therefore they see a good financial opportunities in this constellation., This is a huge support, how the private sector looks at the future of the space economy in India, he said: “… with a whole hope to come forward for a consortium and invest more than Rs 1,200 crore of their own money, obviously, of course, that they will do more than fixing their investment over the period of time. So I think I feel very positive news.As mentioned by Toi on Wednesday, the sub-meter in the constellation of 12 satellites will be very high-resolution, broad-suth multisactral, synthetic aperture radar (SAR), and hyperspectral satellites, which will be a mixture of accurate agriculture, water quality monitoring, land-ecastasia operations, environmentalm operations, maritimism operations, Maritime enables operations.The project will be implemented through a special objective vehicle (SPV). “We have a 90 -day time limit to sign the agreement starting tomorrow. Hopefully we sign a lot before. According to the RFP, the lead player must have at least 26% ownership and each consortium member is at least 10%. It will be a legal institution with well -defined roles for each of the four members.”Satsure CEO Pretep Basu said: “Satsure will contribute two satellites to this consortium, its novel has been developed by its subsidiary Calido with optical and multi-spectral wide swath images. We will commercialize our novel payload which provides high coverage at sub-meter spatial resolution. I believe that it is not only a milestone for India’s space story, but EO technology can provide meaningful, average value for users in various industries.,Piercete would be producing at least two, if there are no three SAR satellites, while the remaining will be the pixxel’s stable to hyperpactral satellites. “SAR makes the constellation operations 24/7 in all weather conditions. Our role radar, first, analysis – is to distribute the products finished with low delay, so agencies and enterprises get alerts and evidence, not only raw data,” said Gaurav Seth, CEO of Piercete.Dhruva Space CEO Sanjay Nekanti said that the project reflects the growing confidence in India’s private space technology sector. The company plans to avail its upcoming spacecraft construction facility in Telangana and offer the infrastructure of the Turnky Ground Station. In partnership with Consortium members, the pole aims to build an end-to-end, sovereign EO ecosystem.Goenka said the in-space was very happy with the result, and said that when they started, the agency did not know if there would be enough interest in the private sector to take a project of this nature, as it is one of the largest investments made by the private sector in the space sector. “Finally, three people want to qualify for commercial bids, each project very badly, assure us that there is tremendous optimism about the opportunities in the space sector in the private sector … it is a verification of improvement in the entire space sector,” he said.
