India can have a $40-100 billion space industry by 2040: Arthur D. Little
1 year, 8 months ago

India can have a $40-100 billion space industry by 2040: Arthur D. Little

Live Mint  

New Delhi: India has the potential to develop a $40-$100 billion space industry by 2040 on the back of a rising space budget, increased number of launch services from the country, entry of private players and startups, and a boom in the country's satellite internet market, consultancy firm Arthur D. Little said in its latest report. Currently, India’s space industry is valued at $8 billion with a 2% share in the global space economy. India should develop capabilities in high-potential sectors such as space mining and in-space manufacturing, venture into new space activities like space tourism and space entertainment, and innovate in the realm of green space,” Barnik Chitran Maitra, Managing Partner, Arthur D. Little, India & South Asia said. However, India has the potential to claim a much larger share of the global space economy, amounting to $100 billion addressable opportunity by 2040,” Arthur D. Little said.

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History of this topic

Less than 1% of Indian developers' topline is invested in technology, says Nirupa Shankar of Brigade Group
1 week, 3 days ago

Less than 1% of Indian developers' topline is invested in technology, says Nirupa Shankar of Brigade Group

Hindustan Times  

Less than 1% of developers' revenue in India is invested in technology, says Nirupa Shankar, Joint Managing Director of Brigade Enterprises. Developers here still rely on manual processes, whereas global players have embraced AI, automation, and smart infrastructure to enhance efficiency and transparency,” Shankar told HT.com at the launch of the Earth Fund in Bengaluru. Brigade Group and Gruhas, the …

Tech, flex space companies fuel 11% increase in office space demand in H2 of 2024: Colliers
2 weeks, 6 days ago

Tech, flex space companies fuel 11% increase in office space demand in H2 of 2024: Colliers

Live Mint  

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NISAR space plan with US example of India’s cost-effectiveness: Ex-ISRO chief Somanath
1 month, 1 week ago

NISAR space plan with US example of India’s cost-effectiveness: Ex-ISRO chief Somanath

Live Mint  

Ahmedabad, Feb 20 Former ISRO chairman S Somanath has highlighted the cost-effectiveness of India's space programmes and noted that for the same satellite and share of work, the country will incur five-time less expenditure compared to the US for an upcoming mission. Somanath on Wednesday stressed on greater private sector role to push India's contribution in the global space economy …

Global aerospace firms turn to India amid Western supply chain crisis
1 month, 1 week ago

Global aerospace firms turn to India amid Western supply chain crisis

The Hindu  

Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say. "India is the best solution to supply chain challenges,” Huw Morgan, senior vice president for aerospace procurement at Rolls-Royce, said last week at an industry event. The …

Union Budget 2025 can help shape India's space future
1 month, 4 weeks ago

Union Budget 2025 can help shape India's space future

Firstpost  

Even as the industry acknowledges GST exemption on satellite launch services, extending this exemption to other critical components of satellites, ground systems and launch vehicles would benefit the entire value chain As India continues to make remarkable strides in space exploration and technology, the upcoming Union Budget 2025 holds significant promise for furthering these achievements. Even as the industry acknowledges …

Isro earned $427 mn from US, EU space missions in 10 years: MoS space
2 months, 4 weeks ago

Isro earned $427 mn from US, EU space missions in 10 years: MoS space

Live Mint  

New Delhi: The Indian Space Research Organisation has generated over $400 million in revenue from commercial satellite launches conducted over the past decade for the US and the European Union, Union minister of state for space Jitendra Singh said on Tuesday. This shows the kind of progress that India has made in the space economy, and its current stature as …

India emerges as a global leader across key sectors in 2024
2 months, 4 weeks ago

India emerges as a global leader across key sectors in 2024

Live Mint  

New Delhi, December 31 : The year 2024 marked a pivotal year for India, showcasing its dominance in pharmaceuticals, biotechnology, defence, nuclear energy, space, infrastructure, and emerging technologies like quantum computing, AI, and blockchain. India's pharmaceutical exports soared from over USD 15 billion to USD 28 billion in the decade ending FY24, powered by initiatives like the Production Linked Incentive …

These are India's fastest-growing space tech firms. Is it too late to get on board?
3 months, 2 weeks ago

These are India's fastest-growing space tech firms. Is it too late to get on board?

Live Mint  

Dr. Vikram Ambalal Sarabhai, father of India’s space programme, once said, “We do not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space flight. India’s space tech industry is practically brand new – the sector was opened to private companies just two or three years ago. Avantel …

ISRO chief Somanath says India must create ‘leading’ space firms, not just service companies
4 months, 3 weeks ago

ISRO chief Somanath says India must create ‘leading’ space firms, not just service companies

The Hindu  

To be a major space power, India needs to create “leading space companies and not merely service companies,” S. Somanath, the chairman of the Indian Space Research Organisation said on Tuesday. Speaking at the India Space Conclave, organised by the industry lobby Indian Space Association, he said that while India had built a space programme over the decades relying on …

Space Industry Gets a Big Boost with Rs 1,000 Crore Venture Fund
Trending News
5 months ago

Space Industry Gets a Big Boost with Rs 1,000 Crore Venture Fund

India Today  

Indian space industry welcomes the Union Cabinet's approval of a Rs 1,000 crore venture capital fund for the space sector. This move is seen as a significant boost to the growing space startup ecosystem in India. The fund aims to support 30-40 startups initially, focusing on taking innovative concepts from ideation to commercialisation. It is expected to have a multiplier …

India's Data-Driven Strategy to Capture Market Beyond SpaceX
5 months, 2 weeks ago

India's Data-Driven Strategy to Capture Market Beyond SpaceX

The Hindu  

India is exploring a new strategy to capture a larger market share in the commercial space sector. The country plans to focus on providing cost-effective services and hardware to sectors such as communications, agriculture and commodities. This will involve providing data analytics and interpretation services, as well as building small satellites and launching them cheaply into orbit. While the Indian …

Space science and technology opportunities for students
6 months, 2 weeks ago

Space science and technology opportunities for students

Hindustan Times  

Space science and technology in India have steadily progressed since the establishment of the Indian Space Research Organisation on August 15, 1969. Universe ) Recently, big missions like Chandrayaan-3, Mangalyaan, and Aditya-L1 have made headlines worldwide, brought recognition to India’s space programme, and fuelled national pride. In 2020, after the government of India opened its doors to private sectors and …

Bengaluru Space Expo - 2024 to be held from September 18 to 20
6 months, 3 weeks ago

Bengaluru Space Expo - 2024 to be held from September 18 to 20

The Hindu  

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‘India’s travel & tourism market likely to grow to $34.1 billion by 2029’
6 months, 4 weeks ago

‘India’s travel & tourism market likely to grow to $34.1 billion by 2029’

The Hindu  

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India's space tech sector grew 235% in 2 Years, secured $126 million in 2023
7 months, 4 weeks ago

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023

India Today  

India’s space tech sector is set for significant growth, driven by substantial government investment and strategic initiatives. According to Tracxn’s Space Tech Geo Report 2024, India’s growing Space Tech sector witnessed record-breaking funding of $126 million in 2023, a 7% increase from the $118 million raised in 2022 and a 235% increase from $37.6 million in 2021. Despite a global …

Budget 2024: ₹1,000 crore venture capital fund for space economy
8 months ago

Budget 2024: ₹1,000 crore venture capital fund for space economy

Hindustan Times  

Finance minister Nirmala Sitharaman unveiled a set of forward-looking initiatives as part of the budget proposals on Tuesday, operationalising a ₹1 lakh crore research fund that experts said will help work in next generation technologies and announce a new fund for innovation in the space sector. “With our continued emphasis on expanding the space economy by 5 times in the …

Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’
8 months ago

Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday announced the creation of a ₹1,000 crore venture capital fund in the Budget 2024 aimed at expanding the space economy “fivefold over the next decade”. The new venture capital fund is expected to stimulate private sector involvement in space activities, supporting startups and established firms in advancing innovative space technologies. News agency PTI …

Budget 2024: Indian space industry excited about Rs 1,000 crore fund
8 months ago

Budget 2024: Indian space industry excited about Rs 1,000 crore fund

India Today  

The Union Budget 2024 has been met with widespread approval from the space industry, following Finance Minister Nirmala Sitharaman's announcement to expand India's space economy fivefold over the next decade. Lt. Gen. AK Bhatt, Director General of the Indian Space Association, praised the government's commitment, stating, "The Union budget's vision to grow India's space economy by fivefold in the next …

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy
8 months ago

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy

India Today  

Finance Minister Nirmala Sitharaman on Tuesday unveiled an ambitious plan to expand India's space economy fivefold over the next decade, marking a significant leap in the country's space aspirations. In a bold move to propel India's space sector forward, Sitharaman announced the establishment of a Rs 1000 crore venture capital fund dedicated to fostering growth and innovation in space technology. …

With Agnikul Cosmos Getting Its Mission ‘SOrTeD’, How Space Startups Are Scripting Success Stories
9 months, 4 weeks ago

With Agnikul Cosmos Getting Its Mission ‘SOrTeD’, How Space Startups Are Scripting Success Stories

News 18  

The Indian space industry that was restricted to public sector is now witnessing a sea of change, with many private players and startups at the forefront of some successful missions. IN-SPACe, India’s private space regulator, chairman Pawan Goenka, who witnessed the launch, said, “The successful launch of SOrTeD marks a significant moment for private players who are contributing to India’s …

Indian space industry offers tremendous opportunity for private players, says ISRO Chief
10 months, 2 weeks ago

Indian space industry offers tremendous opportunity for private players, says ISRO Chief

Hindustan Times  

Kochi, ISRO Chairman S Somanath has said the Indian space industry is offering a tremendous opportunity to the private sector in the country as a new area of growth and development. Somanath was speaking after unveiling the carbon reduction initiative of SFO Technologies, the flagship company of the NeST Group, in a function here on Saturday, a company release said. …

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL
1 year ago

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL

Hindustan Times  

Leasing demand for manufacturing space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. Leasing demand for manufacturing real estate space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. In its …

India targets massive increase in share of global space economy
1 year ago

India targets massive increase in share of global space economy

Firstpost  

The government’s emphasis on growing India’s space footprint is indicative of its dedication to promoting innovation and entrepreneurship in the field. The Indian space economy is anticipated to grow significantly in the upcoming years due to the government’s ambitious ambitions and growing private engagement Pointing out the recent increase in private investment in the space industry, the minister credited it …

‘Opening up of space sector FDI will attract capital for start-ups, OEMs’
1 year, 1 month ago

‘Opening up of space sector FDI will attract capital for start-ups, OEMs’

New Indian Express  

CHENNAI: Space sector players say the government’s move to further open up foreign direct investment will attract significant foreign capital which is crucial for the strategic sector. The long-pending demand for liberalisation of FDI norms in space companies has been addressed by the government on Wednesday with the amendment to the FDI policy. The changes would help the country to …

The next frontier: On India’s space sector
1 year, 1 month ago

The next frontier: On India’s space sector

The Hindu  

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India eases process for FDI in space sector, allows 100 per cent in making satellite components
1 year, 1 month ago

India eases process for FDI in space sector, allows 100 per cent in making satellite components

India TV News  

In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment in its space sector. Private sector participation India has taken significant steps to privatise space launches, aiming for a substantial increase in its share of the global launch market. With projections suggesting the space …

India's Space Odyssey: A look at ISRO's journey from modest beginnings to lunar landings
1 year, 1 month ago

India's Space Odyssey: A look at ISRO's journey from modest beginnings to lunar landings

India TV News  

India's space program is a major source of pride for the country, contributing to its soft power diplomacy and establishing India as a trustworthy partner in the international space community. The Indian Space Research Organisation, the world's sixth-largest space agency, created history as India successfully landed the Chandrayaan-3 spacecraft near the lunar south pole, making it the fourth country to …

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024
1 year, 2 months ago

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024

India Today  

2023 was a marvelous year for the Indian Space Industry with the successful launch of Chandrayaan-3 and the Aditya-L1, India’s first solar mission. Indian space startups have become a strong pillar for the private space industry in the last decade, especially after the landmark decision to open the Indian space sector to private companies by Prime Minister Narendra Modi in …

Govt wants private sector to invest in space; companies wait to see commitment from govt
1 year, 3 months ago

Govt wants private sector to invest in space; companies wait to see commitment from govt

The Hindu  

December 04, 2023 07:00 am | Updated 07:00 am IST - Bengaluru The global space economy is currently around $447 billion, according to estimates by McKinsey. However, despite the success of the Chandrayaan-3 mission and the introduction of aspace policy in April 2023, a host of factors seem to make investment in space sector a cautious prospect for private players. …

Increase Investment in India, Goyal tells Corporates
1 year, 3 months ago

Increase Investment in India, Goyal tells Corporates

Deccan Chronicle  

New Delhi: As India’s focus on infrastructure is empowering the economy and giving it a fillip, Union commerce minister Piyush Goyal on Friday urged the corporate to increase investments in India as the country was "at a sweet spot" with massive development of infrastructure driving the economy. The stock market is also hitting a 4 trillion mark for the first …

Target space station by 2035, Indian on moon by 2040: PM
1 year, 5 months ago

Target space station by 2035, Indian on moon by 2040: PM

Live Mint  

New Delhi: Prime Minister Narendra Modi on Tuesday directed the Indian Space Research Organisation to aim for setting up “Bharatiya Antriksha Station”, or an Indian space station, by 2035, and seek to land the first Indian on the moon by 2040. During the meeting, the department of space affirmed that the first unmanned demonstration launch under Gaganyaan, which will test …

India’s space economy has potential to reach $44 billion by 2033 with about 8% global share
1 year, 5 months ago

India’s space economy has potential to reach $44 billion by 2033 with about 8% global share

The Hindu  

Indian National Space Promotion and Authorization Centre unveiled the decadal vision and strategy for the Indian space economy, on October 10. As per IN-SPACe’s projection, India’s space economy has the potential to reach ₹35,200 crore by 2033 with about 8% of the global share. Dr. Pawan Goenka, chairman, IN-SPACe said, “As we unveil the decadal vision for Indian space economy, …

First trial of India’s unmanned spaceflight may happen in Nov
1 year, 5 months ago

First trial of India’s unmanned spaceflight may happen in Nov

Live Mint  

New Delhi: The first unmanned trial spaceflight of India’s manned space mission, Gaganyaan, “may be ready for takeoff next month,” said Union minister of state for science and space, Jitendra Singh. Speaking at industry body Assocham’s Quantum Technology Conclave in Delhi on Thursday, Singh said that feats such as the upcoming Gaganyaan mission, as well as the Chandrayaan-3 lunar mission …

Karnataka sets defence exports target of ₹25,000 crore by 2025
1 year, 6 months ago

Karnataka sets defence exports target of ₹25,000 crore by 2025

The Hindu  

Karnataka has set an ambitious target to nearly double its defence exports to ₹25,000 crore by 2025, said Large and Medium Industries Minister M.B. Speaking at the 36th National Convention of Aerospace Engineers and National Seminar on “SPACE - Boundless Opportunities”, hosted by the Karnataka State Centre of the Institution of Engineers, he said the State was also aiming to …

India’s Tryst With The Moon and Prime Minister Modi’s Outstanding Space Odyssey - News18
1 year, 7 months ago

India’s Tryst With The Moon and Prime Minister Modi’s Outstanding Space Odyssey - News18

News 18  

“We are witness to the new flight of New India. In the last nine years, under Prime Minister Modi, India has witnessed a quantum jump in its space journey and now stands at par with countries like the US. India’s space sector is fast gaining a pre-eminent position in the world and the countries which started their space programmes long …

It's India’s Game: Space sector can grow to $40-100 billion by 2040, says top consultancy firm
1 year, 8 months ago

It's India’s Game: Space sector can grow to $40-100 billion by 2040, says top consultancy firm

Firstpost  

The Indian space industry is valued at $8 billion today but it can grow to $40-100 billion by 2040, if we play our cards right, a report by consultancy firm Arthur D. Little has revealed. For that, we need to establish India as a satellite manufacturing hub, and create programs under ISRO According to a recent report by consultancy firm …

Crowds cheer as India launches a lander and rover to explore the moon’s south pole
1 year, 8 months ago

Crowds cheer as India launches a lander and rover to explore the moon’s south pole

Associated Press  

SRIHARIKOTA, India — An Indian spacecraft blazed its way toward the far side of the moon Friday in a follow-up mission to its failed effort nearly four years ago to land a rover on the lunar surface, the country’s space agency said. Chandrayaan-3, the word for “moon craft” in Sanskrit, took off from a launchpad in Sriharikota in southern India …

World acknowledges India’s capabilities, potential in space tech: Jitendra Singh
1 year, 8 months ago

World acknowledges India’s capabilities, potential in space tech: Jitendra Singh

Live Mint  

New Delhi: The world has begun to acknowledge India's capabilities and its potential in space technology, with the country home to 140 space startups, Union minister for Science & Technology Jitendra Singh said on Thursday. Addressing the inaugural session of the G20 fourth edition of Space Economy Leaders Meeting, the minister said, this has been possible because of opening up …

India Unleashing Reforms In Space Domain
1 year, 9 months ago

India Unleashing Reforms In Space Domain

Live Law  

India’s formal entry into space industry was largely in 1962 when Indian National Committee for Space Research was established by Government of India under the aegis of Dr. Vikram Ambalal Sarabhai. In addition to the Draft Space FDI Policy, ISRO revealed the Indian Space Policy 2023 on April 20, 2023. With the advent of Indian Space Policy 2023 and the …

Take a look at the space-tech startups of India
1 year, 9 months ago

Take a look at the space-tech startups of India

Live Mint  

In a major boost to the Indian space industry, Alphabet, the parent company of Google, announced $36 million of investment in Bengaluru-based space startup, Pixxel. The approval of Indian Space Policy 2023 gave a major impetus to the Indian private space industry, by making it a lucrative investment option for investors. He aims to make Pixxels “the most valued space …

A ground view of the Indian Space Policy 2023
1 year, 10 months ago

A ground view of the Indian Space Policy 2023

The Hindu  

On April 20 this year, the Indian Space Research Organisation released the Indian Space Policy 2023 that had been in the works for some years. Considering that space-based intelligence, reconnaissance, surveillance, communication, positioning and navigation capabilities are increasingly seen as mission critical by the defence services, that India conducted a successful A-SAT direct ascent test in March 2019, and, in …

Space policy draws cautious optimism
1 year, 11 months ago

Space policy draws cautious optimism

The Hindu  

The Centre’s updated Space Policy, cleared by the Union Cabinet on April 6 but made public on Thursday has drawn measured optimism from the India’s budding private sector start-up space. This will mean developing new space technologies and applications “…to maintain India’s edge” in the areas of space infrastructure, space transportation, space applications, capacity building and human spaceflight. Hereafter, mature …

Awaiting the Indian space economy’s lift-off
1 year, 11 months ago

Awaiting the Indian space economy’s lift-off

The Hindu  

The Space Age began in 1957 with the launch of satellite Sputnik 1, and in 1961, cosmonaut Yuri Gagarin became the world’s first person in space. Last year, there were 180 rocket/space launches, 61 by Elon Musk’s Space X; 90% of global space launches since 2020 are by and for the private sector. Creating an enabling environment The Indian private …

How China and India are competing in the $447 billion space industry
1 year, 11 months ago

How China and India are competing in the $447 billion space industry

India TV News  

How China and India are competing in the $447 billion space industry The central government relaxed limitations for private sector satellite and rocket businesses in 2020, allowing them to conduct autonomous space activities rather than being sole suppliers to ISRO. India is squeezing its way into the highly lucrative space market, capitalising on China and Russia’s geopolitical isolation to position …

India requires 2,210 new airplanes by 2041: Boeing
2 years, 1 month ago

India requires 2,210 new airplanes by 2041: Boeing

The Hindu  

India will require approximately 2,210 new airplanes over the next two decades of which 1,983 units will be for single-aisle jets, while 227 units or 10% of new airplane deliveries will be for widebody airplanes, says a commercial market outlook for India released by Boeing here on Tuesday. Due to the rapid growth of its domestic traffic, Boeing forecasts that …

India-U.S. space cooperation, from handshake to hug
2 years, 1 month ago

India-U.S. space cooperation, from handshake to hug

The Hindu  

India and the United States agreeing to advance space collaboration in several areas, under the ‘initiative on critical and emerging technology’ umbrella, including human space exploration and commercial space partnership, comes at a crucial time for both countries. A mismatch in interests, capabilities The first structural factor that limits long-term India-U.S. space cooperation is the mismatch in the two nations’ …

After Bengaluru, Hyderabad, UP Next for Space Startup Ecosystem Growth: ISpA Chief - News18
2 years, 2 months ago

After Bengaluru, Hyderabad, UP Next for Space Startup Ecosystem Growth: ISpA Chief - News18

News 18  

At present all space startups are mostly from cities like Bengaluru, Hyderabad, and Chennai, but opportunities for ecosystem development are there in Uttar Pradesh also, Lt Gen AK Bhatt, director general of the Indian Space Association, told News18 in an exclusive conversation. PLI and financial support Lt Gen Bhatt highlighted the fact that India needs production-linked incentive schemes for the …

Space economy poised for expansion, indicates study
2 years, 3 months ago

Space economy poised for expansion, indicates study

The Hindu  

India’s space economy is in a state of transition and, driven by national policies, the sector is poised for expansion through enhanced private investment and improved integration with the global private space industry, a study on the space economy has noted. The research paper noted that the space economy ‘‘has evolved considerably’‘ and now accounts for an average of about …

New Era Beckons For Space Sector In India: Deep Space Startups Set To Boost Space Economy
2 years, 5 months ago

New Era Beckons For Space Sector In India: Deep Space Startups Set To Boost Space Economy

ABP News  

India is ushering in a new era in space, due to the efforts of the Indian Space Research Organisation, reforms in the commercial space sector, and the emergence of deep space tech startups. Role of space tech startups and private sector in the Indian space economy Dr Sudheer Kumar, Director, Capacity Building Programme Office, ISRO, said that startups can take …

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