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Over 40 funded startups working in space segment in India: Economic Survey

The government had opened up the space sector in June 2020 enabling participation from private firms in space initiatives

January 29, 2021 / 04:54 PM IST
satellite

satellite

Over 40 funded startups are working in India in the space segment and the number is likely to increase in the coming years, with technology playing a big role and the recent reforms allowing private participation announced by the government, said the Economic Survey 2020-21 on January 29.

So far, these startups have teams and structure on space and satellite projects complementing the efforts of the government.

Also read: How a visit to Elon Musk’s SpaceX factory-inspired this young techie to build India’s first private earth-imaging satellite

India’s space programme is one of the most well-developed in the world and has achieved numerous successes through its state-owned agency, the Indian Space Research Organisation (ISRO) which is responsible for driving the space activities in India.