New Delhi: For the first time ever, a firm in China is planning to use a balloon for sending people into space.


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A Chinese firm named JHY Space Technology Co Ltd (Space Vision) has hit on a business idea to send people into space using a high-tech balloon and return to earth using a parachute for USD 77,000.


The Beijing-based company has developed the country’s first space parachute suit. The trip will at a cost of $77,000 (Rs. 51.9 lakh).


The company will test equipment and recruit volunteers for training in the coming few months, state-run China Daily reported.


An entrepreneur, a champion woman parachutist and an aircraft engineer will be the first three adventurers to take up the challenge, the company said.


The adventurers will soar into the stratosphere in the balloon. The customised suit has a radar, space-ground communications system and an image transmission system.


(With PTI inputs)