ISRO To Outsource Production Of PSLVs and SSLVs To Private Industries

The Indian Space Research Organisation (ISRO) will outsource the production of the Polar Satellite Launch Vehicles (PSLVs) and Small Satellite Launch Vehicles (SSLVs) to private Industries. The Indian Space agency Chairman K Sivan informed that private industries will play a major role in capacity building. 
The ISRO will launch Gaganyaan, India’s first manned mission to outer space in 2020. As per the announcement, the Indian Air Force will identify six persons who can be trained to be astronauts. The assistance of the country’s first astronaut Rakesh Sharma and that of foreign space agencies will be sought for the training of astronauts. 
Source- The Hindu

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Dr K Sivan is Chairman of ISRO.
  • ISRO stands for Indian Space Research Organization.
  • Headquarters of ISRO– Bengaluru, Karnataka.