![]() ![]() ![]() ![]() The industry has historically been led by ISRO with limited participation from the private sector. The Indian space startup industry has been rapidly growing in the past five years, with over 50 startups operating today in both the upstream (satellite manufacturing, launch services) and downstream (ground segments such as consumer equipment, and data services like voice commutation or navigation). “After 50 years of experience with space activities and applications, there’s a massive opportunity to encourage talent and capacity across the board from startups, SMEs and large companies,” he added.Īlso read: This is how govt plans to bring together ISRO, private players to boost India’s space sector “India sits at a crossroads with a unique and rare opportunity space for a new industry as no other developing economy like Brazil, China, or South Africa has the capability to deliver satellite services,” Narayan Prasad, a key contributor to the report and co-founder of Spaceport SARABHAI, India’s first space think tank, told ThePrint. The report outlines key considerations applicable to multiple departments in India’s defence domain that it says are conducive to innovation and ease of doing business. Some of the suggestions include building a comprehensive space policy, providing access to capital for early-stage startups, access to satellite technology for industry, improved training for satellite operations, and allowing private players to use the Indian Space Research Organisation’s (ISRO) testing facilities.Īlso mentioned are recommendations for skill development, including tie-ups with private universities, and for technology transfer from ISRO. The report further makes policy and regulatory recommendations to the Government of India aimed at helping the space industry become a self-sustaining model instead of continuing to operate purely under the purview of the government. The ISpA was formed last year and is a non-profit body comprising representatives from the space and telecom industries.Īccording to the report, the highest compound annual growth rate (CAGR) - 13 per cent - is projected for satellite and launch services in the next three years, while 8.1 per cent CAGR is likely for satellite manufacturing, 6.9 per cent for the ground segment, and 4.2 per cent for satellite services. ![]()
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