Space Sector Of India
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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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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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"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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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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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.
-
Centre Notifies New FDI Rules For Space Sector Ahead Of Elon Musk's Visit
The government has notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments.
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"Has Always Favoured Indian Success": Russia Lauds India's Space Sector
Russian Deputy Chief of Mission Roman Babushkin hailed India's remarkable achievements in space exploration and underscored Russia's unwavering support for its space endeavours.
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"India Role Model For Aspiring Space Nations": World Economic Forum Official
The excitement around space in India is attracting talent from around the world and inspiring them to start businesses and contribute to the growth of the sector, a senior World Economic Forum (WEF) official said.
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Government Eases Approval Process for Foreign Direct Investment in Space Sector
The government has announced that it will allow 100 percent foreign direct investment in the manufacture of satellite systems without official approval, while also easing rules for launch vehicles. Foreign companies can invest in the manufacture of components and systems or sub-systems for satellites up to 100 percent without approval, according to...
-
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.
-
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.
-
"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".
-
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.
-
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.
-
Centre Notifies New FDI Rules For Space Sector Ahead Of Elon Musk's Visit
The government has notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments.
-
"Has Always Favoured Indian Success": Russia Lauds India's Space Sector
Russian Deputy Chief of Mission Roman Babushkin hailed India's remarkable achievements in space exploration and underscored Russia's unwavering support for its space endeavours.
-
"India Role Model For Aspiring Space Nations": World Economic Forum Official
The excitement around space in India is attracting talent from around the world and inspiring them to start businesses and contribute to the growth of the sector, a senior World Economic Forum (WEF) official said.
-
Government Eases Approval Process for Foreign Direct Investment in Space Sector
The government has announced that it will allow 100 percent foreign direct investment in the manufacture of satellite systems without official approval, while also easing rules for launch vehicles. Foreign companies can invest in the manufacture of components and systems or sub-systems for satellites up to 100 percent without approval, according to...
