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L&T Precision Engineering eyes supply chain role for the next US space station: VP Vikas Khita | Mint

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- L&T Precision Engineering and Systems, a subsidiary of Larson and Toubro Ltd., is looking to play a supply chain role in the next US space station. - The company's Vice President, Vikas Khita, anticipates Indian firms will have a role in the supply chain for the next space station. - L&T is also interested in building space ports, space parks, and manufacturing clusters as the Indian government opens up the space industry to private players in 2020. - L&T has been involved in the production of hardware for every ISRO project, including Chandrayaan, Gaganyaan, and Mars Orbiter missions. - L&T was previously in discussions with Blue Origin for the supply of orbital launch capabilities and space habitat solutions. - India aims to capture nearly 8% of the global space market by 2033, which is estimated to be worth nearly $1.8 trillion by 2035.