Out of three bidders including Alpha Design Technologies Ltd. and Bharat Dynamics Ltd., HAL has bagged a Transfer of Technology (ToT) deal from ISRO to build and operate SSLVs. 

• During the technology transfer phase, HAL will have to make at least two SSLVs end-to-end while observing the procedure ISRO followed for the three developmental flights.

About SSLV

• SSLV is a three-stage solid propulsion rocket designed to launch satellites weighing under 500 kg into 500 km planar orbit.
• It is a low-cost vehicle with low turn-around time and has flexibility in accommodating multiple satellites. 

Initiatives for Opening Up the Space Sector

• Liberalisation of the Space Sector: Private entities can now carry out end-to-end space activities, from satellite manufacturing to launch services.
  • 100% FDI allowed in Space sector.
• Creation of IN-SPACe: Indian National Space Promotion and Authorization Centre (IN-SPACe) promotes, authorizes, and supervises non-governmental space activities.
• Indian Space Policy 2023: Provides regulatory clarity and long-term policy stability, encouraging private investment.
• Venture Capital Fund: A dedicated ₹1,000 crore fund has been approved to finance startups and boost private investment in the space sector.