Russian space industry to merge into holdings
Moscow: A structural reform of Russia`s space industry will see its numerous enterprises united into five or six large holdings, according to Federal Space Agency chief Vladimir Popovkin said.
The reform should make the troubled industry more manageable, Popovkin said after a governmental meeting in Moscow.
The draft list of industries to get separate holdings includes orbital spacecraft development, in-orbit operation, guidance systems, scientific research, testing and strategic rocketry, Deputy Prime Minister Dmitry Rogozin also said Monday.
The centralisation may be taken a step further, with the Federal Space Agency, Russia`s analogue of NASA, transformed into a state corporation that would replace the prospective holdings, Popovkin said.
The government considered creating a single "space corporation" for three years before deeming the idea ineffective, said Rogozin, who oversees defence and space industries.
But Popovkin said the idea may be revitalised depending on the performance of the upcoming holdings.
More from India
More from World
More from Sports
More from Entertaiment
- 6 leaders were in contact with Dawood Ibrahim till 26/11: Report
- Rameswaram waits to give final salute to Dr Abdul Kalam
- DNA analysis of Yakub Memon's final moments in Nagpur Jail
- SC order on Yakub Memon huge disappointment, setback: Owaisi
- Last rites of Gurdaspur attack martyr Baljit Singh in Kapurthala
- APJ Abdul Kalam's funeral to be held in Rameswaram; PM Modi to attend
- Yakub Memon hanged in Nagpur jail: As it happened
- Has President Pranab Mukherjee rejected Yakub Memon's mercy plea?
- SC refuses stay on Yakub Memon's hanging: As it happened
- 2 NDA, 4 UPA leaders were in contact with Dawood Ibrahim before 26/11: Report