Moneycontrol PRO
Outskill Genai
HomeNewsBusinessDigital public infrastructure can unlock value in space sector: Report

Digital public infrastructure can unlock value in space sector: Report

The report by IsPA, Deloitte and Nasscom talks about India's space economy and collaboration opportunities for the private sector and the government specifically focusing on downstream spacetech.

October 10, 2023 / 22:51 IST
Indian Space Conclave has been organised by Indian Space Association, a industry body representing several space tech startups and bigger players in the satcom industry

A report by Indian Space Association, Deloitte and NASSCOM on October 10 recommended the development of digital public infrastructure in the space sector to unlock value in the sector.

The report, "Exploring Opportunities for downstream spacetech" released on the second day of Indian Space Conclave, said that the DPI approach can generate value and help in and realise the aim of delivering “spacetech-as-a-service”.

The report recognises three core satellite commercial application areas – Remote Sensing/Earth Observation (EO), Positioning, Navigation, and Timing (PNT), and Satellite Communication (SATCOM). Within these three areas, the report identifies more than 200 use cases.

For example, earth observation has found critical applications in agriculture; SATCOM-as-a-service can create multiple applications in areas such as in-flight and remote area connectivity etc. India's PNT programme, including NavIC, can assume a pivotal role in transportation, communication, and defence, the report said.

Sreeram Ananthasayanam, Partner, Deloitte said, “The downstream space sector has the potential to make a significant impact on India's economy and society."

Lt Gen Anil Kumar Bhatt, Director General, ISpA, "Space's rise as the fourth operational domain compels us to secure our space assets and access. This journey necessitates steadfast policies, global collaboration, and cutting-edge technology. Recognising space's multifaceted nature, we focus on advancing space tech, satellites, and situational awareness to enhance national security and readiness for the future."

Moneycontrol News
first published: Oct 10, 2023 10:49 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347