New Delhi, July 23 (IANS) The government on Thursday said the domestic space sector witnessed unprecedented momentum after landmark reforms, with private investment crossing $618.5 million, 105 authorisations being issued to private entities, and a robust regulatory framework being strengthened to safeguard strategic and national security interests while promoting greater private participation.Union Minister of State (Independent Charge) Dr Jitendra Singh informed the Rajya Sabha that $187 milli…
Latest Space startups News & Updates
New Delhi, July 18 (IANS) India’s first privately developed orbital launch vehicle, Vikram‑1, successfully reaching its designated low Earth orbit proves the country’s emergence as a serious global player, Union MoS, Science & Technology, Earth Sciences Dr. Jitendra Singh said on Saturday.As per the statement from the Department of Space, it stands as a powerful vindication of Prime Minister Narendra Modi’s decision to open the country’s space sector to private participation, the ministe…
New Delhi, July 18 (IANS) India’s space sector is witnessing unprecedented growth driven by a series of government reforms that have opened the space ecosystem to private participation, with more than 400 space startups now operating in the country compared to just one in 2014, the government said on Saturday.The government said the transformation is being demonstrated by Skyroot Aerospace’s upcoming Vikram-1 mission, which will become India’s first privately developed orbital launch vehic…
New Delhi, June 21 (IANS) India’s space economy is projected to grow five-fold from the current $8 billion to $40-45 billion over the next decade, driven by policy reforms, rising private sector participation and growing commercialisation of space technologies, an official fact-sheet said on Sunday.The fact-sheet highlighted that India currently accounts for about 2-3 per cent of the global space economy, with the country’s share targeted to rise to 8 per cent by 2030.The rapid growth is being s…
New Delhi, June 14 (IANS) Union Minister of State (Independent Charge) for Science & Technology and Department of Space, Dr Jitendra Singh, said on Sunday that India’s space economy is poised to grow from the current $8-9 billion to nearly $40-45 billion over the next decade, driven by policy reforms, growing private participation and a rapidly expanding innovation ecosystem. Addressing a press conference here, Jitendra Singh said the transformation of India’s space sector reflects a lar…
New Delhi, May 31 (IANS) Union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh on Sunday said that India has transformed from being a technology follower to a technology leader over the last 12 years under Prime Minister Narendra Modi, laying a strong scientific and technological foundation for the vision of Viksit Bharat @2047.Speaking during a podcast, Dr Singh said India is now increasingly participating in the development of frontier technologies at the gl…
New Delhi, Feb 11 (IANS) The number of space startups have reached more than 400, while the investment in such startups crossed more than $500 million, the Parliament was informed on Wednesday.Two private sector companies tested and flown their launch vehicles at sub-orbital orbit in November 2022 and May 2024, said Minister of State Dr Jitendra Singh in a written reply in the Lok Sabha.“A total of 25 payloads flown/going to fly on PSLV Orbital Experimental Module (POEM) which helps NGE’s te…
New Delhi, Jan 21 (IANS) The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Wednesday teamed up with four space startups to build India’s first private Earth observation satellite constellation.Led by Pixxel, the consortium — named Allied Orbits — comprises Pixxel, Dhruva Space, PierSight, and Satsure.The space startups will design, build, own, and operate the country’s first privately led national satellite system under a Public-Private Partnership framework, as per …