• Srimathy Kesan, founder and chief executive of Space Kidz India, came up with the AazdiSat project to encourage girls to choose space research as a career. Photo: Srimathy Kesan
    Srimathy Kesan, founder and chief executive of Space Kidz India, came up with the AazdiSat project to encourage girls to choose space research as a career. Photo: Srimathy Kesan
  • Each team of girls was given a kit to create the payload – a sensing device to collect and send data back to Earth. Photo: Srimathy Kesan
    Each team of girls was given a kit to create the payload – a sensing device to collect and send data back to Earth. Photo: Srimathy Kesan
  • Pupils work on the AzadiSat project at a school in Chennai, capital of Tamil Nadu state, in southern India. Photo: Srimathy Kesan
    Pupils work on the AzadiSat project at a school in Chennai, capital of Tamil Nadu state, in southern India. Photo: Srimathy Kesan
  • Students check the payload connectors for the satellite project. Photo: Srimathy Kesan
    Students check the payload connectors for the satellite project. Photo: Srimathy Kesan
  • A 2019 Indian Space Research Organisation launch sending 10 satellites into orbit. AFP
    A 2019 Indian Space Research Organisation launch sending 10 satellites into orbit. AFP
  • Spectators watch the 2019 ISRO satellite launch. AFP
    Spectators watch the 2019 ISRO satellite launch. AFP

India to launch 75 payloads developed by schoolgirls into orbit


Taniya Dutta
  • English
  • Arabic

India is preparing to launch into orbit a satellite carrying 75 monitoring systems created by schoolgirls from across the country, along with the national flag, to mark its 75th Independence Day.

The satellite will be sent up aboard the Small Satellite Launch Vehicle (SSLV), the smallest commercial rocket developed by the Indian Space Research Organisation, from the Satish Dhawan Space Centre in the southern state of Andhra Pradesh.

“The launch of the SSLV-D1/EOS-02 Mission is scheduled for Sunday, August 7, 2022, at 9.18am (IST) from Satish Dhawan Space Centre (SDSC), Sriharikota,” the ISRO said on Twitter.

The SSLV is designed to launch satellites weighing less than 500 kilograms into low Earth orbit, such as those used for Earth observation and providing internet connectivity in remote areas.

Sunday's rocket flight is expected to last 13.2 minutes before it reaches the point to release the AzadiSat which weighs just 8kg. Azadi means independence in Hindi.

The satellite is fitted with 75 payloads, each developed and built by a team of 10 schoolgirls between the ages of 13-16 years at 75 rural government schools across the country.

In space jargon, a payload is an electronic subsystem or experiment board comprising different sensors that monitor factors such as temperature, humidity and radiation levels.

Each team of schoolgirls was given a payload kit containing a microcontroller and sensors that they had to assemble and programme to interact with the satellite's main on-board computer for data transfer back to Earth.

The AzadiSat will also carry a selfie camera to study the performance of solar panels in space, a long-range communications (LoRA) transponder that is used to transmit messages over great distances using a low amount of power and small bandwidth, and the national flag.

Prime Minister Narendra Modi announced the plan to unfurl the national flag in space during his independence day address in 2018.

The AazdiSat project was conceptualised by Space Kidz India, a Tamil Nadu-based organisation that is working with the government to encourage young girls to choose space research as a career.

“This is the world’s first ever all-girls mission. This mission will not only give them joy and confidence — this is path-breaking. These are 750 rural girls from Kashmir to Kanyakumari, mainly high school students,” Srimathy Kesan, the founder and chief executive of Space Kidz India, told The National.

Ms Kesan said the girls were given training online for six months.

“We taught them about rockets and satellites, coding and every little detail,” she said.

“This launch will truly be a feat of these girls; not just science — their emotions, the confidence they have gained during the training.”

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: August 05, 2022, 2:20 PM