The government of Telangana has announced its aerospace technology policy, aiming to make Hyderabad the aerospace technology capital of India
Post Date – 23rd Sunday 16th July 11:40pm
Chandrayaan-3 marked another great success for the Indian Space Research Organization (ISRO). This take-off has also pushed the private space sector into the spotlight. Hyderabad-based Ananth Technologies contributed through power switch modules, navigation systems, and more. Other Hyderabad-based companies Skyroot Aerospace and Dhruva Space Pvt Ltd have already made their mark in the space. Skyroot’s Vikram-S rocket launched last November, ending decades of government dominance. Skyroot’s rocket is effectively India’s “prarambh” after making “space” for private enterprise in 2020. It was also a huge success for Telangana as the startup was incubated at T-Hub in the state. The global aerospace industry is worth more than $500 billion, with the US and China leading the way. India has been in the global aerospace market since the 1960s, but its current share is just 2 percent — an estimated $9.6 billion. The country’s goal is to reach $12.8 billion by 2025. The global market for space launch services is expected to double to $31.9 billion by 2029.
The aerospace field offers enormous opportunities. Creating the right ecosystem is crucial for India to realize its space potential. Multinational corporations such as SpaceX, Blue Origin and Virgin Galactic have transformed the way space businesses operate, reducing costs and shortening turnaround times. India’s National Center for Space Promotion and Authorization, established in 2020, is a liaison between ISRO and the private sector, and deregulation has also helped. India is currently home to more than 100 space tech startups that have raised over $200 million in funding. Inc42 believes that the opportunity for space technology start-ups will reach $77 billion by 2030. It is important for the U.S. to further promote the innovation ecosystem and facilitate start-ups, especially since the private sector lacks end-to-end capabilities. The Telangana state government has unveiled its space technology policy, aiming to make Hyderabad the space technology capital of India. The Indian Space Policy 2023 also envisages a greater role for the private sector. This is not least because India, considered a lower-cost alternative to European, Russian and Chinese launch facilities, is trying to position itself as a satellite launch facility. Last October, ISRO successfully launched 36 UK-based OneWeb internet satellites into orbit. In July, India signed the Artemis Accords, which aim to send the first astronauts to Mars. NASA and ISRO plan to launch a joint mission to the International Space Station next year. Denver-based Voyager Space has signed a memorandum of understanding with ISRO to use Indian rockets and partner with the country’s space startups. Former Indian Space Research Organization (ISRO) scientist Nambi Narayanan’s call for an Asian space agency to be modeled after the European Space Agency to take on bigger space missions is timely. ISRO must be further strengthened. The industry needs to create more space for innovators, no matter where they are located, this really should be the new rocket science!
