A pact is to be signed between Larsen & Toubro, Godrej, Hindustan Aeronautics Ltd, and ISRO in forming a consortium to privately build and launch PSLV rockets into space:
http://www.business-standard.com/article/companies/l-t-godrej-hal-isro-to-sign-pact-to-build-pslv-rockets-117103000030_1.html
https://timesofindia.indiatimes.com/india/make-in-india-isro-private-firms-joint-venture-to-launch-rocket-by-2020/articleshow/61341690.cms
http://www.business-standard.com/article/news-ians/global-meet-on-indian-space-industry-in-november-117103001288_1.html
Just imagine what could then spring up around this - an entire ecosystem of satellite designers and manufacturers, creating all kinds of payloads at lower cost to serve the needs of the global marketplace. It could also provide a sustainable business model as a means to gradually/iteratively modify and improve Indian launch vehicles, as SpaceX has done.
https://thewire.in/191300/isro-looks-jv-pslv-manufacture-launch-privatised-2020/
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