Nirmala Sitharaman on Economic Package: Centre hikes FDI in defence, allows commercial mining of coal, opens space sector for private players in 4th tranche; key takeaways
4 years, 10 months ago

Nirmala Sitharaman on Economic Package: Centre hikes FDI in defence, allows commercial mining of coal, opens space sector for private players in 4th tranche; key takeaways

Firstpost  

Finance Minister Nirmala Sitharaman Saturday announced a slew of reforms in eight sectors such as allowing commercial mining of coal, raising FDI limit in defence prodcution, privatisation of power discoms in the UTs to opening up more air space of civil aviation, and the space sector among others as part of Centre’s Rs 20-lakh-crore stimulus package to kick-start the economy Union Finance Minister Nirmala Sitharaman on Saturday announced a slew of structural reforms in eight sectors – coal, minerals, defence production, civil aviation sector, power distribution companies in Union Territories, space sector and atomic energy sector – in the fourth tranche of the Rs 20-lakh-crore economic stimulus package with an aim to boost growth and create jobs. Some of the measures included opening of space sector for private players, commercial mining of coal, raising FDI limit in defence sector through automatic route from 49 percent to 74 percent, privatisation of power discoms in the Union Territories, offering more airports on a PPP model as well as boosting private sector investment in social infrastructure projects through revamped viability gap funding scheme of Rs 8,100 crore. Sitharaman said that the easing of restrictions on utilisation of Indian air space will bring benefits of about Rs 1,000 crore per year to the civil aviation sector. Opening of space sector for private players The FM said that the Centre has decided to give the private sector a role in India’s space programme, including in satellites, launches and space-based services.

India Space Defence Civil Air Civil Aviation Coal Private Sector Social Infrastructure Stimulus Pti Centre Sector Sitharaman Private Nirmala Sitharaman Package Union Territories Fdi Ppp Space Sector Private Players Commercial Mining Fdi Limit More Air Space  civil  stimulus  players  sector  nirmala  coal  private  package  opens  rs  fm  tranche  space  takeaways  air  defence  sitharaman

History of this topic

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

Budget 2025: National Geospatial Mission announced to modernise land records
1 month, 3 weeks ago

Budget 2025: National Geospatial Mission announced to modernise land records

India Today  

Finance Minister Nirmala Sitharaman announced the launch of a National Geospatial Mission in the Budget 2025-26. The National Geospatial Mission is expected to significantly impact various sectors, particularly in urban development and land management. "The announcement of the National Geospatial Mission is a promising move towards modernizing India’s infrastructure and technological capabilities. I believe this announcement will provide the necessary …

India will need to increase number of operational satellites in next few years: ISRO chairperson-designate V. Narayanan
2 months, 2 weeks ago

India will need to increase number of operational satellites in next few years: ISRO chairperson-designate V. Narayanan

The Hindu  

India may need to significantly increase the number of operational satellites over the next three to four years, according to V. Narayanan, director of Liquid Propulsion Systems Centre and chairperson-designate of the Indian Space Research Organisation. Dr. Narayanan, who is set to take over as the ISRO chairperson on January 14, said he envisioned a scenario where the number of …

India wants to build a satellite constellation and 30 companies are interested
3 months ago

India wants to build a satellite constellation and 30 companies are interested

India Today  

Thirty Indian companies have stepped forward to participate in a groundbreaking initiative to establish Earth observation satellite constellations, responding to a call from the Indian National Space Promotion and Authorisation Centre. Since opening the space sector to private players earlier this year, India has established a Rs 10 billion venture fund aimed at supporting space startups. The government’s focus on …

New space law draft ready, to open for consultations by March
4 months, 2 weeks ago

New space law draft ready, to open for consultations by March

Live Mint  

New Delhi: A fresh draft of India’s first dedicated space law is ready, said Pawan Goenka, chairman of nodal space regulator Indian National Space Promotions and Authorization Centre, a move that could make foreign investments easier in the nascent sector. The latest draft, prepared by the Department of Space, is expected to be thrown open for industry stakeholder consultations by …

ISRO chief Somanath says India must create ‘leading’ space firms, not just service companies
4 months, 2 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 …

India's Data-Driven Strategy to Capture Market Beyond SpaceX
5 months, 1 week 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 …

National Space Day: How private sector propelled Chandrayaan-3 to the Moon
7 months ago

National Space Day: How private sector propelled Chandrayaan-3 to the Moon

India Today  

As India celebrates its first National Space Day on August 23, 2024, we find ourselves at a pivotal moment in our nation's scientific journey. However, as we celebrate these achievements, it's crucial to understand that Chandrayaan-3's success is also a celebration of space enterprise and the growing role of the private sector in India's space journey. This collaborative effort, spanning …

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. …

Budget 2024: Indian space industry has a tax demand from Nirmala Sitharaman
8 months ago

Budget 2024: Indian space industry has a tax demand from Nirmala Sitharaman

India Today  

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2024, the private space sector in India has laid out a comprehensive wishlist aimed at fostering growth and innovation. ISpA Director General Lt Gen Anil K Bhatt called for the government to procure and adopt space technology solutions across various governance areas, including agriculture, disaster management, infrastructure planning, urban …

Union Budget 2024: Space industry urges government for tax holidays, PLI scheme | DETAILS
8 months, 1 week ago

Union Budget 2024: Space industry urges government for tax holidays, PLI scheme | DETAILS

India TV News  

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget next week, the private space sector has outlined several key expectations. "More money for space-related acquisitions, tax holidays, import holidays, and PLI scheme for space," Pixxel Space co-founder and CEO Awais Ahmed told the media when asked about his wishlist for the budget. "ISpA calls for a commitment from …

Indian space industry offers tremendous opportunity for private players, says ISRO Chief
10 months, 1 week 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. …

Indian finance ministry notifies 100% FDI for satellites ahead of Elon Musk's India visit
11 months, 1 week ago

Indian finance ministry notifies 100% FDI for satellites ahead of Elon Musk's India visit

Firstpost  

Under these new guidelines, foreign investors can now invest up to 100 per cent of FDI into the sector, with 74 per cent being under the automatic route. This includes investments in satellite manufacturing and operations, the ground segment, user segment, as well as satellite data products India will now allow up to 100 per cent FDI investment in satellite …

ISRO’s role in India’s private space sector boom | Explained
11 months, 3 weeks ago

ISRO’s role in India’s private space sector boom | Explained

The Hindu  

April 03, 2024 12:53 pm | Updated 02:56 pm IST The story so far: As the Indian Space Research Organisation forays further into space with missions to the sun and the moon, with space telescopes, landers, and astronauts, the nation’s space sector is also expanding beyond ISRO. While production of launch vehicles, satellites, spacecrafts, and boosters was mainly handled by …

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  

Space used to be the final frontier but its increasing exploration has changed that, replacing a romantic notion with narratives with financial, socio-economic, and geopolitical implications. India started on this path in 2020 with state-led reforms that opened its space sector to private companies, then releasing the ‘Geospatial Guidelines’ and later the ‘Indian Space Policy’, creating the Indian National Space …

GoI loosens FDI restrictions on India's private aerospace sector, wants to attract major investments
1 year, 1 month ago

GoI loosens FDI restrictions on India's private aerospace sector, wants to attract major investments

Firstpost  

The Government of India is loosening its FDA norms for private aerospace sector as it wants to attract major investments. Under the amended FDI policy, India now permits up to 74 per cent FDI under the automatic route in satellite manufacturing and operation The Government of India is loosening its FDA norms for private aerospace sector as it wants to …

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 …

Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies
1 year, 1 month ago

Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies

Op India  

In a significant move, the Modi government has announced 100% Foreign Direct Investment in the space sector. The Union Cabinet approved the amendment in the FDI policy on the space sector dividing the satellites sub-sector into three different activities with defined limits for foreign investment in each such sector. The Centre stated that the proposed reforms will liberalize the FDI …

100% FDI to be allowed in space sector: Centre
1 year, 1 month ago

100% FDI to be allowed in space sector: Centre

The Hindu  

Prime Minister Narendra Modi-led Union Cabinet on Wednesday took a series of key decisions, which included the approval for amendments to the existing Foreign Direct Investment policy on space sector. The liberalised entry routes under the amended policy are aimed to attract potential investors to invest in Indian companies in space,” said Union Minister Anurag Thakur. The amended policy extends …

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. …

’Space policy has been a game changer in India’s private space-tech arena’
1 year, 4 months ago

’Space policy has been a game changer in India’s private space-tech arena’

Live Mint  

Space-tech company Skyroot Aerospace has raised $27.5 million in a pre-Series C funding round led by Singapore-based investment firm Temasek, confirming India’s status as a rising private space-tech power. Co-founder and CEO of the company, Pawan Kumar Chandana, widely regarded as a pioneer in India’s private space-tech arena, says the aspiration is to build a strong space-tech enterprise for the …

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 …

India's space programme is getting self-reliant: Nirmala Sitharaman
1 year, 6 months ago

India's space programme is getting self-reliant: Nirmala Sitharaman

Live Mint  

New Delhi: In a discussion in the Rajya Sabha on Wednesday, finance minister Nirmala Sitharaman said that Indian industry has evolved the capability to design, develop and produce high-end equipment for space missions, and that the country’s programmes are increasingly getting self-reliant with a strong contribution from the private sector. {{^adFree}} {{/adFree}} In a discussion on the subject 'India's glorious …

Behind Chandrayaan-3, Aditya-L1, PPP Model’s Success Asserts India as Rising Star - News18
1 year, 6 months ago

Behind Chandrayaan-3, Aditya-L1, PPP Model’s Success Asserts India as Rising Star - News18

News 18  

India’s journey in the realm of space technology has evolved from humble beginnings marked by the launch of a rudimentary rocket in 1963 to becoming the fourth nation globally to have softly landed on the south pole of the Moon. The contribution of the private sector to the Chandrayaan-3 and Aditya L1 missions is a testament to the growing capabilities …

Chandrayaan-3 Success: Making a Case for Liberalising the Space Sector - News18
1 year, 6 months ago

Chandrayaan-3 Success: Making a Case for Liberalising the Space Sector - News18

News 18  

The day of 23 August was historic for India and the Indians. When the Chandrayaan-3, India’s third lunar exploration mission, was landing on the moon’s surface, the Indians were watching nervously across the width and breadth of India and around the globe. India’s moon mission has a budget of just 1 per cent of the one-year budget of NREGA, one …

India can travel to Moon, Mars and Venus but, ISRO chief
1 year, 6 months ago

India can travel to Moon, Mars and Venus but, ISRO chief

Live Mint  

Opening up on Indian Space Research Organisation 's plans in the coming days, Chief S Somanath said that India has capabilities to achieve much more in the space sector but there is a dire need of investment. We need more investment and the space sector must develop and by this, the whole nation should develop, that is our mission,” Somanath …

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 …

ISRO to transition out from manufacturing operational space systems according to new policy
1 year, 11 months ago

ISRO to transition out from manufacturing operational space systems according to new policy

Firstpost  

Industry leaders welcomed the policy and described it as a ‘futuristic’ one that will position India and launch the Indian Space Sector in the 21st century New Delhi: The Indian Space Research Organisation must stop producing operational space systems, according to the new Indian Space Policy, which was made public on Thursday. Industry leaders welcomed the policy and described it …

Indian Space Policy: ISRO to focus on R&D
1 year, 11 months ago

Indian Space Policy: ISRO to focus on R&D

The Hindu  

The new Indian Space Policy, which was made public on Thursday, April 20, 2023, has said the Indian Space Research Organisation shall transition out from manufacturing operational space systems and focus its energies on research and development in advanced technologies. Industry leaders welcome policy Industry leaders welcomed the policy and described it as a "futuristic" one that will position India …

Centre approves Indian Space Policy 2023 to boost private participation
1 year, 11 months ago

Centre approves Indian Space Policy 2023 to boost private participation

India TV News  

New Delhi: Giving a major boost to the private players, the Central government on Thursday approved the Indian Space Policy 2023. "Policy will allow private sector to take in space activities" Talking to reporters, Union minister Jitendra Singh said, "In brief, the Indian Space Policy will offer clarity in the role of the components set up." What ISRO Chairman S …

Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year
2 years, 1 month ago

Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year

The Hindu  

The Department of Space expenditure has been slashed by 8% in the 2023-24 Union Budget, down to ₹12,543.91 crore, from ₹13,700 crore in the previous Budget estimate. This header encompasses the expenditure of ISRO’s various centres, including the Human Spaceflight Centre, as well as “developmental and operation projects” involving satellites and launch vehicles. Notably, the expenditure for space science, which …

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 …

Startups are powering India's space odyssey 2.0
2 years, 2 months ago

Startups are powering India's space odyssey 2.0

Live Mint  

CHENNAI : Dhruva Space founder Sanjay Nekkanti’s obsession with satellites began early. “India’s share in the $440 billion global space market is just 2%," says Goenka. “Over 100 companies have come up in this sector and in 2022 they raised as much as $110 million, which is more than what private space players had raised cumulatively till 2021," says Goenka. …

Indian Space Research Organisation lines up science missions for 2023 | FULL DETAILS
2 years, 2 months ago

Indian Space Research Organisation lines up science missions for 2023 | FULL DETAILS

India TV News  

ISRO 2023 missions : Indian Space Research Organisation will turn its focus on science experiments in 2023 with dedicated missions to the Sun - Aditya - and the moon - Chandrayaan-3 - even as the nascent start-up sector is set to soar in the space applications segment. The upcoming year will also witness a series of experiments on India's maiden …

Indian Govt Might Welcome Private Players In Space Domain
2 years, 3 months ago

Indian Govt Might Welcome Private Players In Space Domain

News 18  

Union Minister of State Science & Technology; Minister of State Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said, Government proposes to widen the participation of private players in space domain, by allowing them to undertake end-to-end space activities. In a written reply to a question in the Rajya Sabha today, Dr Jitendra …

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 …

Why the Vikram-S launch is a big milestone for India's space sector
2 years, 4 months ago

Why the Vikram-S launch is a big milestone for India's space sector

India Today  

The successful launch of a single-stage rocket, Vikram-S, on November 18 from the Satish Dhawan Space Centre at Sriharikota, Andhra Pradesh, marks a new high for the Indian space sector. Vikram-S is a single-stage, sub-orbital launch vehicle, which carried three satellites into the Low Earth Orbit and helped test and validate the majority of technologies in the Vikram series of …

Private rocket Vikram-S puts India’s space economy in a new-age orbit
2 years, 4 months ago

Private rocket Vikram-S puts India’s space economy in a new-age orbit

Live Mint  

With the expected launch of Vikram-S, a rocket that will put three microsatellites into space at an altitude of 120 km, India’s state-run space programme will evolve into a proper space economy with private sector participation. Skyroot is far from the first private sector company to be part of India’s space programme, but it would be the first company to …

ISRO tests rocket engine of Indian space start-up
2 years, 4 months ago

ISRO tests rocket engine of Indian space start-up

Deccan Chronicle  

NELLORE: Vikram Sarabhai Space Centre, the lead centre of Indian Space Research Organisation for development of launch vehicles, has facilitated hot testing of a rocket engine developed by an Indian space start-up. The centre successfully conducted the 15-second hot test of Agnilet Engine for Agnikul Cosmos on November 4, 2022 at its Vertical Test Facility of Thumba Equatorial Rocket Launching …

New Era Beckons For Space Sector In India: Deep Space Startups Set To Boost Space Economy
2 years, 4 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 …

Indian space economy set to grow $13 bn by 2025
2 years, 5 months ago

Indian space economy set to grow $13 bn by 2025

The Hindu  

Indian space economy is set to reach $13 billion by 2025, according to a joint report prepared by EY and the Indian Space Association, an apex industry association of space and satellite companies in the country. The report also said the space launch segment would grow fastest at a CAGR of 13% spurred by growing private participation, latest technology adoption …

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