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Space Industry Funding In India Falls 55% In 2024: Data
Funding in India's space sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year.
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Jio Platforms Reportedly Partnering With Nvidia to Develop Affordable and Personalised AI Solutions
Jio Platforms is reportedly partnering with tech giants such as Nvidia intending to disrupt the Indian artificial intelligence (AI) space like it disrupted the telecom sector with competitive pricing and access to unlimited mobile data. As per the report, Jio is working with multiple companies to co-develop native large language models (LLMs).
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ISRO Chief S Somanath Supports Elon Musk’s Model to Boost Space Economy
ISRO Chairman S Somanath stressed the importance of private-sector involvement in advancing India’s space activities. Speaking at Huddle Global 2024, he endorsed Elon Musk’s sustainable model for space exploration and highlighted the need to grow India’s satellite capabilities from 15 to 500 to expand its global footprint. Collaborative effor...
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Amazon India Reportedly Plans Quick Commerce Foray With 'Tez'; Could Arrive by December
Amazon is reportedly gearing up to enter the quick commerce sector in India. Amazon India's quick commerce delivery service —codenamed 'Tez' — will reportedly go live by the end of this year or early next year. By entering the quick commerce space, Amazon could compete with companies like Blinkit, Swiggy Instamart and Zepto. Amazon is reporte...
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PM Modi Discusses Space, AI With French President Macron At G20 Sidelines
Prime Minister Narendra Modi met French President Emmanuel Macron on the sidelines of the G20 Summit on Tuesday and discussed ways to keep working closely in sectors such as space, energy and AI.
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Gaganyaan Scheduled for 2026, Chandrayaan-4 to Launch by 2028: ISRO
ISRO Chairman S Somanath has revealed exciting new timelines for India's space missions. The Gaganyaan mission, set to be India's first manned space flight, is now scheduled for a 2026 launch. Furthermore, the ambitious Chandrayaan-4 mission, aimed at returning lunar samples, is expected to lift off by 2028. With a focus on self-reliance and privat...
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"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
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ISRO Chief S Somanath Expects Budget Requirement to Grow by Up to 30 Percent in Coming Years
The government has allotted nearly 130 billion rupees ($1.55 billion) to India's space department this year. Asked how much he expected funding to increase,ISRO chief Somanath said "something like an additional 20-30%", though "over a long period of time".
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India's Space Sector Adds $60 Billion To GDP, 4.7 Million Jobs In 10 Years: Report
The Indian space sector has in the last 10 years contributed $60 billion to GDP, as well as generated 4.7 million jobs in the country, according to a report.
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How India's $13 Billion Investment In Space Boosted Its GDP, Reveals Report
India has invested nearly USD 13 billion in the space sector over the past decade which has contributed USD 60 billion to the GDP through direct, indirect and induced benefits, a report by global consulting firm Novaspace said on Friday.
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"Have Freed Space Sector From Restrictions": PM Modi
Delivering his 11th consecutive Independence Day speech from the Red Fort, Prime Minister Narendra Modi today said that the space sector is crucial to India's growth story.
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Indian Spacetech Startups See Record-Breaking Funding Amid Government Push
India's spacetech sector witnessed record-breaking funding of $126 million in 2023 - a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed today.
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"Car-o-Bar" At Noida Wedding Lands 4 In Jail
Consuming alcohol in a car at an open space during wedding celebrations has landed four people in jail in Noida, the police said on Monday.
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ISRO Has Etched Shiv Shakti Point, Tricolour On Moon: Jagdeep Dhankhar
Vice President Jagdeep Dhankhar on Saturday said India is well-positioned to be a key player in the global space sector in the coming years with its robust space programme and a growing pool of skilled professionals.
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"Indian Space Industry Offers Tremendous Opportunity For...": ISRO Chief
ISRO Chairman S Somanath has said the Indian space industry is offering a tremendous opportunity to the private sector in the country as a new area of growth and development.
-
Space Industry Funding In India Falls 55% In 2024: Data
Funding in India's space sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year.
-
Jio Platforms Reportedly Partnering With Nvidia to Develop Affordable and Personalised AI Solutions
Jio Platforms is reportedly partnering with tech giants such as Nvidia intending to disrupt the Indian artificial intelligence (AI) space like it disrupted the telecom sector with competitive pricing and access to unlimited mobile data. As per the report, Jio is working with multiple companies to co-develop native large language models (LLMs).
-
ISRO Chief S Somanath Supports Elon Musk’s Model to Boost Space Economy
ISRO Chairman S Somanath stressed the importance of private-sector involvement in advancing India’s space activities. Speaking at Huddle Global 2024, he endorsed Elon Musk’s sustainable model for space exploration and highlighted the need to grow India’s satellite capabilities from 15 to 500 to expand its global footprint. Collaborative effor...
-
Amazon India Reportedly Plans Quick Commerce Foray With 'Tez'; Could Arrive by December
Amazon is reportedly gearing up to enter the quick commerce sector in India. Amazon India's quick commerce delivery service —codenamed 'Tez' — will reportedly go live by the end of this year or early next year. By entering the quick commerce space, Amazon could compete with companies like Blinkit, Swiggy Instamart and Zepto. Amazon is reporte...
-
PM Modi Discusses Space, AI With French President Macron At G20 Sidelines
Prime Minister Narendra Modi met French President Emmanuel Macron on the sidelines of the G20 Summit on Tuesday and discussed ways to keep working closely in sectors such as space, energy and AI.
-
Gaganyaan Scheduled for 2026, Chandrayaan-4 to Launch by 2028: ISRO
ISRO Chairman S Somanath has revealed exciting new timelines for India's space missions. The Gaganyaan mission, set to be India's first manned space flight, is now scheduled for a 2026 launch. Furthermore, the ambitious Chandrayaan-4 mission, aimed at returning lunar samples, is expected to lift off by 2028. With a focus on self-reliance and privat...
-
"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
-
ISRO Chief S Somanath Expects Budget Requirement to Grow by Up to 30 Percent in Coming Years
The government has allotted nearly 130 billion rupees ($1.55 billion) to India's space department this year. Asked how much he expected funding to increase,ISRO chief Somanath said "something like an additional 20-30%", though "over a long period of time".
-
India's Space Sector Adds $60 Billion To GDP, 4.7 Million Jobs In 10 Years: Report
The Indian space sector has in the last 10 years contributed $60 billion to GDP, as well as generated 4.7 million jobs in the country, according to a report.
-
How India's $13 Billion Investment In Space Boosted Its GDP, Reveals Report
India has invested nearly USD 13 billion in the space sector over the past decade which has contributed USD 60 billion to the GDP through direct, indirect and induced benefits, a report by global consulting firm Novaspace said on Friday.
-
"Have Freed Space Sector From Restrictions": PM Modi
Delivering his 11th consecutive Independence Day speech from the Red Fort, Prime Minister Narendra Modi today said that the space sector is crucial to India's growth story.
-
Indian Spacetech Startups See Record-Breaking Funding Amid Government Push
India's spacetech sector witnessed record-breaking funding of $126 million in 2023 - a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed today.
-
"Car-o-Bar" At Noida Wedding Lands 4 In Jail
Consuming alcohol in a car at an open space during wedding celebrations has landed four people in jail in Noida, the police said on Monday.
-
ISRO Has Etched Shiv Shakti Point, Tricolour On Moon: Jagdeep Dhankhar
Vice President Jagdeep Dhankhar on Saturday said India is well-positioned to be a key player in the global space sector in the coming years with its robust space programme and a growing pool of skilled professionals.
-
"Indian Space Industry Offers Tremendous Opportunity For...": ISRO Chief
ISRO Chairman S Somanath has said the Indian space industry is offering a tremendous opportunity to the private sector in the country as a new area of growth and development.
