Articles for Space Economy

Budget 2024: ₹1,000 crore venture capital fund for space economy
5 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 …

India Space Research Budget Critical Minerals Fund Crore
Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’
5 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 …

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Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy
5 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. …

India Space Sector Sitharaman Space Economy
India’s space economy has potential to reach $44 billion by 2033 with about 8% global share
1 year, 2 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, …

Economy Space Vision Indian Share Crore Billion
Space economy poised for expansion, indicates study
2 years 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 …

Economy Space Space Economy
New Era Beckons For Space Sector In India: Deep Space Startups Set To Boost Space Economy
2 years, 1 month 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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Indian space economy set to grow $13 bn by 2025
2 years, 2 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 …

India Economy Space Indian 2025 Grow Indian Space Economy
India’s ‘space economy’ valued at ₹36,794 crore
2 years, 8 months ago

India’s ‘space economy’ valued at ₹36,794 crore

The Hindu  

A collaboration between two premier research and educational institutions in Thiruvananthapuram has shed interesting light on India’s “space economy”, the exact contours of which have remained largely vague even as the country’s space programme grew by leaps and bounds. In a first-of-its kind attempt at measuring the size of India's space economy, researchers from the Centre for Development Studies and …

India Economy Space Crore Gdp Size Mani