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News on Medial
Space 2.0: India enters era of research, private investment to boost space tech
Livemint
·
1y ago
Medial
At the Mint India Investment Summit & Awards 2024, players from India's space sector discussed the rise in ancillary space startups. Challenges such as access to capital and the long gestation period for space tech prototypes were highlighted. However, panelists expressed optimism about the sector's growth potential, citing India's heritage in space technology and the emergence of innovation from the private sector. They also emphasized the need for domestic and foreign investment, support from ISRO, and the potential for a $100 billion space economy by 2040.
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Isro's Human Space Flight Centre enters space flight agreement with Axiom Space
Economic Times
·
1y ago
Medial
The Indian Space Research Organisation (Isro) has signed a Space Flight Agreement with Axiom Space, a NASA-identified service provider, for the upcoming Axiom-4 mission to the International Space Station (ISS). As part of a India-US joint effort, Isro has also recommended two astronauts, Shubhanshu Shukla and Prasanth Balakrishnan Nair, for the mission. The crew members will undergo training beginning in August and will conduct scientific research and technology experiments aboard the ISS, as well as engage in space outreach activities. This collaboration strengthens the human space flight cooperation between Isro and NASA.
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ISRO arm NSIL signs $18-mn deal with Australia for commercial satellite launch
Livemint
·
1y ago
Medial
The Australian government has signed an $18-million deal with the Indian Space Research Organisation's (Isro's) commercial arm, NewSpace India Limited (Nsil), for a satellite launch project. As part of the partnership, Australian firm Space Machines will launch a satellite inspection and observation payload aboard Isro's Small Satellite Launch Vehicle (SSLV) in 2026. The collaboration is one of India's first cross-border investments in the space sector and aims to boost the private space economy. Isro and the Australian government also announced joint space conferences scheduled for November to encourage further collaboration.
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₹20,000 crore allocated to DST to kickstart ₹1 lakh crore research and development fund
Livemint
·
6m ago
Medial
Union Finance Minister Nirmala Sitharaman allocated ₹20,000 crore to the Department of Science and Technology to kickstart a ₹1 lakh crore research and development fund. This aims to promote private sector-driven innovation, particularly in deep tech and sunrise sectors. The initiative addresses concerns over low private sector investment in R&D, despite government incentives. Budget allocations for various departments like Biotechnology and Space were increased to support this strategic autonomy in key technology sectors.
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India spurs space sector investment with raised limits on foreign funding | TechCrunch
TechCrunch
·
1y ago
Medial
The Indian government has updated its foreign direct investment (FDI) policy in the space sector, allowing for increased overseas investment. The move aims to attract global investors and companies to participate in India's space industry. The new policy includes specific categories and thresholds for foreign ownership, with potential for up to 100% investment in certain areas. This development follows recent reforms and initiatives by India to open up its space sector to private players and increase international collaboration. The country's space economy is projected to reach $44 billion by 2033, and the updated FDI norms are expected to boost India's presence in the global space economy.
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Budget 2024-25: FM Announces INR 1K Cr Venture Capital Fund To Boost Space Economy
Inc42
·
1y ago
Medial
Finance Minister Nirmala Sitharaman has announced plans to establish a INR 1,000 Cr venture capital fund to boost India's space economy over the next decade. This move aims to encourage private sector-driven research and innovation on a commercial scale. The announcement reflects the government's increased focus on promoting the space sector and harnessing its potential for economic growth.
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Spacetech Startups In India: Exploring The Final Frontier
Inc42
·
1y ago
Medial
The Indian government has invested heavily in space exploration and technology, with over $233 million raised by space tech startups through various deals. In August 2023, India became the first country to land a spacecraft on the moon's south pole with Chandrayaan-3. This success has paved the way for future advancements in space tech and has opened opportunities in agriculture, weather forecasting, defense, and communication. Private players have also entered the space tech industry, bringing commercialization and investment potential. India's spacetech startups offer a great investment opportunity due to their strong engineering capabilities and scientific rigor.
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World Economic Forum features 10 Indian startups as Tech Pioneers; spacetech wins big
Economic Times
·
1m ago
Medial
The World Economic Forum has recognized 10 Indian startups as 'Technology Pioneers' of 2025. These startups, including Agnikul Cosmos, Digantara, and GalaxEye, are innovating in space tech, electric mobility, robotics, and healthcare. Space startups are notably prominent, highlighting India's growing deep tech ecosystem, especially with contributions to space launches, situational awareness, and earth observation. This recognition is expected to boost global interest and investment in India's tech sector.
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Decision to ease FDI in space sector to boost startup ecosystem in satellite making, assembly
Economic Times
·
1y ago
Medial
The recent decision by the Indian government to ease Foreign Direct Investment (FDI) norms in the space sector is expected to boost the startup ecosystem in areas such as launch vehicles and satellite manufacturing. The move will allow Indian companies to integrate into global space supply chains and foster innovation. The government has divided the satellite sub-sector into three categories with defined limits for foreign investment, with up to 74% FDI allowed in satellite manufacturing and operation, satellite data products, and ground and user segments. The decision is seen as crucial for the growth of the private space sector in India.
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Modi-Trump dialogue explores India-US collaboration in emerging technologies
YourStory
·
5m ago
Medial
Prime Minister Narendra Modi and US President Donald Trump discussed enhancing collaboration in artificial intelligence and emerging technologies. They launched the US-India TRUST initiative to promote tech ties, focusing on defense, AI, semiconductors, and space. The INDUS Innovation bridge will foster industry and academic partnerships. Both nations aim to boost AI infrastructure and safeguard technology. Plans include bringing an Indian astronaut to the ISS and further space collaboration. The partnership enhances scientific research and addresses supply chain challenges.
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ISRO To Transfer Complete Tech, Design And Manufacturing Rights Of SSLVs To Private Players: Pawan Goenka
OutlookIndia
·
4m ago
Medial
The Indian Space Research Organisation (ISRO) is transferring the technology, design, and manufacturing rights of Small Satellite Launch Vehicles (SSLVs) to private companies. This move, as articulated by IN-SPACe Chairman Pawan Goenka, represents a significant milestone in India's space privatization efforts. Three companies have been shortlisted for this initiative, with plans to select two. These private firms will take over SSLV production in India, reflecting a transformative shift in the country's space industry dynamics.
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