The Indian government has introduced a ₹5 billion ($57.7 million) Technology Adoption Fund to accelerate the commercialization of its space sector. Managed by IN-SPACe, the fund will cover 60% of mission costs for startups and 40% for larger companies, along with providing technical support. IN-SPACe Chairman Pawan Goenka outlined four focus areas: small satellite launches, satellite manufacturing, ground stations, and data services. The initiative aligns with India’s goal of capturing 8% of the global space market and building a $44 billion space economy by 2033. The move highlights India’s push to become a major player in the commercial space industry.
Related Posts
India gets an observer seat in the Eurodrone program
- Veiko Lukmann
- 22/01/2025
- 0
India has gained observer status in the Eurodrone program, a collaborative effort involving Italy, France, Germany, and Spain under OCCAR’s management. The program focuses on developing a Medium Altitude Long Endurance (MALE) drone for ISTAR (Intelligence, Surveillance, Target Acquisition, and Reconnaissance) missions. Key contributors include Airbus, Dassault Aviation, and Leonardo, with components like the mission computer and radar reviewed during an October visit to Leonardo’s facilities in Italy. The Eurodrone, led by Airbus, will feature a 2.3-ton payload, 40-hour autonomy, and the ability to operate in non-segregated airspace. This marks a significant step for India in advancing its collaboration with […]
Global Space Advancements Mark 2024 as a Transformative Year
- Veiko Lukmann
- 20/12/2024
- 0
The year 2024 witnessed major progress in space exploration and industry, with multiple nations bolstering their space capabilities. Europe expanded its launch options with the addition of Ariane 6 and Vega-C, while India and Japan achieved multiple successful launches. Oman celebrated its entry into space with the launch of its first suborbital rocket, and China advanced its lunar program with new partnerships and returned lunar samples. The Artemis Accords grew to 51 signatories, emphasizing global collaboration, while the EU’s adoption of the Zero Debris Charter highlighted efforts to address space sustainability. These developments underscore a rapidly growing and increasingly cooperative […]
European militaries rush to catch up on space traffic mapping
- Veiko Lukmann
- 30/09/2024
- 0
#analysis The rapid growth of space activity has led European militaries to increase their focus on space traffic mapping to address emerging threats. The number of active satellites has more than tripled in the last four years, and most of this activity is occurring in low Earth orbit, creating new challenges for military surveillance systems designed for geostationary orbits. Companies like Safran, Vyoma, and True Anomaly are working with defense departments to improve space awareness and tracking capabilities. Military leaders stress the importance of collaboration between civilian, commercial, and military sectors to enhance space-domain awareness and avoid potential crises. As […]