The Indian Space Research Organisation would be ready with another Geosynchronous Satellite Launch Vehicle (GSLV) by next year to carry the country's satellites into space, ISRO Chairman G Madhavan Nair said on Tuesday.
Admitting that the recent launch of GSLV carrying the Insat-4C was a failure, Nair, however, said that the ISRO would be ready with another GSLV by next year.
The ISRO Chairman was in the city to receive the prestigious Lokmanya Tilak Award for the year 2006 for his contribution to the field of space research and rocket system.
The award, instituted by the Tilak Memorial Trust (TMT), comprises Rs one lakh in cash, a gold medal, a memento and a citation and the honour was given to Nair by TMT Chairman Deepak Tilak, the great grandson of Lokmanya Tilak.
In this technology-driven age, satellites would have a definite role to play in the day-to-day life of everyone be it the farmers or students. Because of satellites, virtual classrooms, village resource centres and the concept of telemedicine have become a reality, Nair said.
Eminent scientist Vasant Gowarikar and Pradesh Congress Committee President Prabha Rau were present at the occasion.