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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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India's space economy has potential to reach $44 billion by 2033: IN-SPACe chairman
Economic Times
·
1y ago
Medial
India's National Space Authorisation Centre (IN-SPACe) chairman, Pawan Goenka, has projected that India's space economy could reach $44 billion in the next 10 years, up from the current $8.4 billion. IN-SPACe aims to capture 8% of the global space market by 2033, including $11 billion in exports. To support this growth, an exclusive launch centre for private sector small satellites is planned in Tuticorin. The decadal vision also includes strengthening the NavIC navigation platform, enhancing talent and skill transfer programs, and increasing space academic courses.
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Centre Working With States On Incentives To Boost Space Subsystems Manufacturing: IN-SPACe Chairman
Inc42
·
11m ago
Medial
In-SPACe chairman, Pawan Goenka, announced that the Indian government is collaborating with states to provide incentives for the manufacturing of space subsystems. This statement was made during the first National Space Day in New Delhi, which commemorated the landing of Chandrayaan-3 on the Moon's South Pole. Notably, Indian space technology startups have successfully raised more than $285 million in funding from 2014 to 2023.
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IIFCL seeks infra tag for space sector; keen to finance satellite vehicles manufacturing: MD
Livemint
·
8m ago
Medial
State-owned infrastructure finance company IIFCL has urged the Indian government to include the space sector in the harmonized list of infrastructure, in order to facilitate easier financing for satellite vehicle manufacturing in the country. Currently, IIFCL's subsidiary IPL provides advisory services to the Indian Space Research Organisation (ISRO), and has assisted in the transfer of 13 satellites from ISRO to NewSpace India Ltd (NSIL). IIFCL is seeking to engage with the space sector by providing funding for satellite vehicles and related areas. The government's recent liberalisation of the FDI policy in the space sector has increased private sector participation.
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‘India can win in small satellite market, emerge niche player like SpaceX’: IN-SPACe chairman Pawan Goenka
Economic Times
·
5m ago
Medial
India can become a key player in the global small satellite market by fostering startups that develop smaller satellites, says Pawan Goenka, chairman of IN-SPACe. Within a year, India is expected to have three fully operational small satellite launch vehicles, aiming to conduct 25 launches annually. India plans to establish a dedicated launch center and authorize private ground stations. While challenging SpaceX's model might be tough, mass production of small satellites offers potential.
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ISRO targets first Gaganyaan mission launch by December: Chairman
YourStory
·
11m ago
Medial
The Indian Space Research Organisation (ISRO) aims to launch the first mission of its Gaganyaan project, a manned space mission, by December. The rocket hardware for the mission has arrived at the Satish Dhawan Space Centre, and the crew module integration is taking place at the Vikram Sarabhai Space Centre. The target is to complete the wiring and testing by November, with the launch occurring possibly in December. The success of the Small Satellite Launch Vehicle mission will pave the way for commercial missions using the vehicle. ISRO will transfer technology to industry partners interested in commercial launches.
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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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Exclusive: CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn
Entrackr
·
1m ago
Medial
Exclusive: CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn The Bengaluru-based space tech company has raised over Rs 60 crore ($7 million) in its maiden funding round, led by venture firm BanyanCo, as per information sourced from the regulatory filings with MCA. CoinDCX co-founder Neeraj Khandelwal has partnered with senior ISRO scientists Devakumar Thammisetty, Pawan Kumar, and Prashant M to launch Astrobase, according to sources familiar with the matter. Astrobase aims to address the growing demand for satellite launches by building cost-efficient, high-payload launch vehicles. “The company is working on a methane oxygen full flow staged combustion engine designed to carry payloads ranging from 3 to 10 tonnes. It plans to offer three configurations of its launch vehicle: fully expendable, partially reusable and fully reusable, with a target launch cost of $300 per kilogram by 2034,” a person familiar with the matter said. As per sources, the company has secured an engine manufacturing facility in Bengaluru’s aerospace hub and is ready to begin production. “Astrobase is moving from research and development to manufacturing. It has completed engine and vehicle designs for an orbital-class launch system.” Entrackr estimates the startup’s valuation at approximately Rs 623 crore ($72 million) in this round. The company is preparing to raise additional capital, and its valuation will change accordingly. Following Entrackr’s story, Khandelwal clarified that the company has closed a $10 million seed round. He mentioned that the engine manufacturing facility is up and running, with 10 senior ISRO scientists on board. Over the past two years, spacetech startups are gaining momentum over the past few years. In 2024, 13 startups from the segment raised around $85 million in funding. In the ongoing calendar year, 10 such startups have announced their fundraise worth over $15 million. In 2025, the Indian government introduced a Rs 500 crore ($58 million) fund through IN-SPACe and approved a Rs 1,000 crore ($116 million) VC fund to support space-tech startups. The funds are intended to increase local development, reduce import reliance, and expand private sector participation in the space sector.
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India's space startups exploring niche markets, global collaborations
Economic Times
·
2y ago
Medial
India becoming a signatory to the Artemis Accords and the focus on the space sector, particularly on addressing issues related to export control and technology transfer, during Prime Minister Narendra Modi's recent visit to the US will open up doors for private players, industry leaders believe.
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India must evolve from services to product nation: Ashwini Vaishnaw
Economic Times
·
4m ago
Medial
India needs to evolve from a services-oriented nation to a product-based one in software and hardware, said Electronics and IT Minister Ashwini Vaishnaw. Emphasizing the importance of partnerships among academia, startups, and researchers, he highlighted the nation's need to develop its own AI models and complete chip design and development capabilities. The initiative seeks to engage both public and private sectors in fostering innovation, aiming for a comprehensive transformation of India's tech landscape.
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US startup Axiom Space explores using Indian rockets for space mission
VCCircle
·
9m ago
Medial
Axiom Space, a US startup constructing a private space station, is considering using Indian launch vehicles for its missions. Axiom Space aims to replace the International Space Station (ISS) in the future and is exploring options to diversify its supply chain. The company is in discussions with India's space agency, ISRO, and private Indian launch companies to identify the best fit for its missions. Additionally, Axiom Space is also exploring collaborations with European nations. India recently opened its space sector to private players and created a venture fund to support space startups.
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