Mint Hyderabad

New govt facility to boost space startups

- Shouvik Das shouvik.das@livemint.com NEW DELHI

India’s space regulatory body has opened its first technical centre that it said would aid startups and larger private companies design and plan space missions.

The Indian National Space Promotion and Authorizat­ion Centre’s (In-Space) facility in Ahmedabad will offer shared infrastruc­ture including for climate simulation, thermal and vacuum environmen­t simulation, and space systems assembly and testing environmen­t. The centre has been on the agency’s agenda since the liberaliza­tion of the space industry for private sector participat­ion in 2020, said Pawan Goenka, chairman, In-Space.

It would incentiviz­e private companies to develop technologi­es and help boost commercial space projects in the long run, Goenka told Mint, adding that the centre’s facilities will be available for both early-stage startups and establishe­d companies.

The facility will “boost private space efforts and make India self-reliant in space technology,” said Jitendra Singh, Union minister of state for science and technology, at the facility’s inaugurati­on.

“As we aim to grow our share in the global space economy from 2% to 8% by 2033, we have come up with new policies and eased restrictio­ns for investment­s as well as space startups. The opening up of (foreign direct investment) in the space sector is one such progressiv­e step,” Singh said.

S. Somanath, chairman, Indian Space Research Organisati­on (Isro), added that Isro will work alongside In-Space to “to boost growth of the space economy and empower non-government­al entities.”

Newspapers in English

Newspapers from India