ISRO Chairman Launches SFO Technologies' Carbon Reduction Initiative

Tags: Science and Technology

On May 11, 2024, Sreedhara Panicker Somanath, Chairman of ISRO and Secretary, Department of Space, GOI, inaugurated the carbon reduction initiative by SFO Technologies, Kochi-based flagship company of the NeST Group.

An Overview of the News

• The initiative aligns with the UN's goal of achieving a 50% carbon reduction by 2035 and zero emissions by 2040.

• A replica of Chandrayaan was unveiled during the event, symbolizing the collaboration between SFO Technologies and ISRO.

• The Indian government envisions the space industry to grow to a USD 9 to 10 billion industry within the next 5 to 10 years, compared to its current valuation of USD 2 billion.

• Previous collaborations between ISRO and SFO Technologies include providing RF sub-systems for missions like Chandrayaan and Aditya, as well as manufacturing antenna systems and cryogenic control systems for launch vehicles.

SFO Technologies:

• Offers Original Design Manufacturing (ODM) and solutions across diverse industries including Aerospace and Defence, Communications, Energy and Industrial, Healthcare, and Transportation.

• Executive Director and Chief Executive Officer (CEO) of Manufacturing Business: Altaaf Jehangir.

• Headquarters situated in Kochi, Kerala.

• Established in the year 1990.

Indian Space Research Organisation (ISRO):

• Chairman: Sreedhara Panicker Somanath.

• Headquarters located in Bengaluru, Karnataka.

• Established in the year 1969.