India’s Mars mission enters second stage; outpaces space rival China

India’s Mars mission enters second stage; outpaces space rival China

2:24pm EST

By Shyamantha Asokan

NEW DELHI, Dec 1 (Reuters) – India’s first mission to Mars left Earth’s orbit early on Sunday, clearing a critical hurdle in its journey to the red planet and overtaking the efforts in space of rival Asian giant China. The success of the spacecraft, scheduled to orbit Mars by next September, would carry India into a small club, which includes the United States, Europe and Russia, whose probes have orbited or landed on Mars.India’s venture, called Mangalyaan, faces more hurdles on its journey to Mars. Fewer than half of missions to the planet are successful.

“While Mangalyaan takes 1.2 billion dreams to Mars, we wish you sweet dreams!” India’s space agency said in a tweet soon after the event, referring to the citizens of the world’s second-most populous country.

China, a keen competitor in the space race, has considered the possibility of putting a man on the moon sometime after 2020 and aims to land its first probe on the moon on Monday.

It will deploy a buggy called the “Jade Rabbit” to explore the lunar surface in a mission that will also test its deep space communication technologies.

China’s Mars probe rode piggyback on a Russian spacecraft that failed to leave Earth’s orbit in November 2011. The spacecraft crumbled in the atmosphere and its fragments fell into the Pacific Ocean.

India’s mission showcases the country’s cheap technology, encouraging hopes it could capture more of the $304-billion global space market, which includes launching satellites for other countries, analysts say.

“Given its cost-effective technology, India is attractive,” said Rajeswari Pillai Rajagopalan, an expert on space security at the Observer Research Foundation think-tank in Delhi.

India’s low-cost Mars mission has a price tag of 4.5 billion rupees ($73 million), just over one-tenth of the cost of NASA’s latest mission there, which launched on Nov. 18.

“BIG ACHIEVEMENT”

Homegrown companies – including India’s largest infrastructure group Larsen & Toubro, one of its biggest conglomerates, Godrej & Boyce, state-owned aircraft maker Hindustan Aeronautics Ltd and Walchand Nagar Industries – made more than two-thirds of the parts for both the probe and the rocket that launched it on Nov. 5.

India’s probe completed six orbits around Earth before Sunday’s “slingshot,” which set it on a path around the sun to carry it toward Mars. The slingshot requires precise calculations to eliminate the risk of missing the new orbit.

“Getting to Mars is a big achievement,” said Mayank Vahia, a professor in the astronomy and astrophysics department of the Tata Institute of Fundamental Research in Mumbai.

India’s space agency will have to make a few mid-course corrections to keep the probe on track. Its next big challenge will be to enter an orbit around Mars next year, a test failed in 2003 by Japan’s probe, which suffered electrical faults as it neared the planet.

“You have to slow the spacecraft down once it gets close to Mars, to catch the orbit, but you can’t wait until Mars is in the field of view to do it – that’s too late,” Vahia said.

India launched its space program 50 years ago and developed its own rocket technology after Western powers levied sanctions for a 1974 nuclear weapons test. Five years ago, its Chandrayaan satellite found evidence of water on the moon.

By contrast, India has had mixed results in the aerospace industry. Hindustan Aeronautics has been developing a light combat aircraft since the early 1980s, with no success.

The Mars probe will study the planet’s surface and mineral composition, besides sniffing the atmosphere for methane, a chemical strongly tied to life on Earth. NASA mission Curiosity did not find significant amounts of the gas in recent tests.

China is still far from catching up with the established space superpowers, the United States and Russia, which decades ago learned the docking techniques China is only now mastering.

Beijing says its space program is for peaceful purposes, but the U.S. Defense Department has highlighted China’s increasing space capabilities, saying it was pursuing ways to keep adversaries from using space-based assets during a crisis.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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