The rocket is comparable to Space X’s Falcon 9 and has been independently developed by Space Pioneer, which has emerged as China’s leading commercial player in the space industry.
The crude flows in the Strait of Hormuz largely originate from Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, and Qatar and move to China, India, Japan and South Korea.
Analysis of IAF proposal shows that the true Make in India component is much lesser than expected, therefore negotiations will focus on increasing that component.
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