This ambitious initiative is estimated to cost around Rs 150 crore annually and is expected to become operational by the end of 2026.
Startups, have requested for appointment of an authority within Department of Space to certify imports relating to commercial space projects
The partnership is expected to lead to an orbital services proposal for Indian clients "in one to two years," marking Astroscale's first operations in the Asia-Pacific region outside of Japan, said Eddie Kato, president of the company's Japan unit.
Aboard the launch vehicle, Pixxel deployed the first three hyperspectral imagery-enabled satellites of its Firefly constellation and Digantara, its Space Camera for Object Tracking (SCOT) mission for space surveillance.
In the FY25 Budget, the government has set aside Rs 1,000-crore for venture capital fund to give a boost to space economy
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The Bengaluru-based space tech startup has raised the additional $2 million from Aditya Birla Group’s VC arm - Aditya Birla Ventures and government-backed SIDBI Venture Capital
In the 50th meeting of the GST Council on July 11, it was decided that private players such as startups be exempted from paying GST on satellite launches
In addition to reassuring investors with the help of IN-SPACe that the modified FDI policy in the space sector would soon be approved, Digantara also had to make some structural changes to its Indian operations in order to make this investment happen
The fresh capital infusion will allow Digantara to deploy the first phase of its space-based surveillance satellite constellation.
Anti-satellite weapons are space weapons designed to incapacitate or destroy satellites for strategic or tactical purposes
The startup is currently working on the launch of a satellite that will be part of an eight-satellite constellation. Digantara plans to begin commercial operations by the end of this year or Q2 of 2024.
The Bengaluru-based space tech start up is building its own SSA capability with infrastructure both in ground and space with an aim to ensure sustainable space operations.
The industry is also anticipating the implementation of a new space policy in 2023, which will further open up the ecosystem.
With the launch of the world’s smallest digital space weather sensor for monitoring space weather it has taken a giant leap towards building their space infrastructure for providing a one-stop comprehensive space situational awareness solution, the company said.