GET LIVE MARKET QUOTES & NEWS
Download App
Moneycontrol
HomeNewsBusiness

TN plans space industry park near upcoming Isro facility

Mar 09, 2023 / 09:14 AM IST

Such parks would provide a one-stop location for space-tech-related infrastructure such as testing facilities and services, regulatory sandbox, technology standards and so on

The industry body suggested focusing on incubation and innovation centres to help create an environment and tools for improving the priority areas and objectives aligned with the technological and strategic needs of the country. (Representative image)

The Tamil Nadu government plans to set up a space industrial and propellants park near Thoothukudi to complement Indian Space Research Organisation's plan of launching a small satellite launch complex in Kulasekarapattinam.

In this regard, the Tamil Nadu Industrial Development Corporation (TIDCO) on March 7 floated a request for proposal (RFP) to select a consultant for a feasibility report on setting up the space industrial and propellants park.

"To support the growth of the space industry in the region, TIDCO envisions developing industrial parks specifically to support the industries which would operate in the space domain. These parks are planned to be established in the vicinity of the SSLV launch complex," TIDCO said in the RFP.

The development comes at a time when the space industry is lobbying with the government to establish more space technology parks to boost the defence-space industrial complex in the country.