Hughes’ Post

The potential for the Indian space sector is indeed limitless ! Private sector participation across domains in the space sector is likely to spur growth and significantly expand India's share in the global space sector. With its innovative customised solutions, Nelco is expanding the scope of the Satcom industry by serving new applications and segments. #Shaping the future of Satcom in India. https://bit.ly/3ZZESwe

Yet another intriguing development has emerged in India's space sector. The decision to open up the FDI policy in the space industry is poised to draw increased foreign investment and expertise to the Indian economy. This substantial step aims to entice global investors, particularly in satellite communications and associated technologies with the potential to drive advancements in India's space capabilities and bolster the growth of the nation's space sector. Jai Hind.. Read more at: https://lnkd.in/dr3wsmaH https://lnkd.in/dHYUdfXF

Hotly following in the success of ISRO's space missions, the private sector is also carving out it's own niche in the space sector. This is literally rocket science playing out on the global stage. Interesting times for India. 🚀🚀🚀

India Opens Doors to the Stars: 100% FDI Now Permitted in Space Sector! Exciting news for the Indian space industry! The Government of India has announced a major reform, allowing up to 100% Foreign Direct Investment (FDI) in various space activities. This is a significant step forward with tremendous potential to revolutionize India's space capabilities and empower Indian companies. Key Highlights of the New Policy: - 100% FDI allowed in (upto 74%: Automatic; Beyond 74%: Government route) 1. Satellite manufacturing and operation 2. Satellite data products 3. Ground segment and user segment - Up to 49% FDI allowed in (upto 49%: Automatic; Beyond 49%: Government route) 1. Launch vehicles and associated systems/subsystems 2. Creation of spaceports for launching and receiving Spacecraft - 100% FDI allowed in (upto 100%: Automatic route) 1. Manufacturing of components and systems/ sub-systems for satellites, ground segment, and user segment Here's what the above means: - Increased investment and innovation: This policy change will attract global investment and expertise into the Indian space sector, fostering cutting-edge research and development. - Boost for Indian companies: Indian space companies can now collaborate and partner with international players to access advanced technologies, funding, and market reach. This will enhance their competitiveness and propel them onto the global stage. - Creation of high-skilled jobs: The influx of investments will lead to the creation of high-skilled jobs in various areas like satellite development, launch vehicle technologies, and space applications. - Faster growth for the space economy: This policy shift is expected to accelerate the growth of the Indian space economy, contributing significantly to the nation's overall economic development. This is a landmark decision that will propel India's space ambitions to new heights! #IndiaSpace #SpaceTech #FDI #MakeInIndia #EconomicGrowth #Innovation #DPIIT

Currently, the Indian space market is expanding at a CAGR of 4.3%, exceeding the global average of 2.2%. India's space economy could reach $40 billion in 2040 if its current growth trajectory continues. However, the report contends that India's space industry could target a much higher growth rate and potentially reach $100 billion. The "unrealized $60 billion" that can materialise in an accelerated growth scenario, according to ADL, will be the result of a policy emphasis on driving adoption of satellite-based internet connectivity that can compete with terrestrial internet, becoming a global leader in launch services, and constructing capacities in space mining, manufacturing, and in-orbit servicing. #induqin

THIS IS THE POWER OF INDIAN SPACE TECH, KUDOS TO INDIAN SCIENTISTS #India launched 396 foreign and 70 domestic #satellites during the period 2014-23 as compared to 33 and 31 satellites respectively during 2003-14, says Union Minister Dr Jitendra Singh Budget allocated to Department of #Space has almost doubled from Rs. 6,792 Crores for FY 2013-14 to Rs. 12,544 Crores for FY 2023-24 The number of foreign and domestic satellites launched by India during period 2014-23 were 396 and 70 respectively, Union Minister Dr Jitendra Singh said while the number of foreign and #domesticsatellites launched by India during period 2003-13 were 33 and 31 respectively. In a written reply in the Lok Sabha on Dec 20, 2023 , the Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, said the revenue generated from satellite launches during decade 2014-23 is USD157 Million and 260 Million Euros. The corresponding figure during decade 2003-13 were USD15 Million and 32 Million Euros. Dr Jitendra Singh said, annual Budget allocated to Department of Space has grown from Rs. 6,792 Crores for FY 2013-14 to Rs. 12,544 Crores for FY 2023-24. #spaceinnovation #innovation #bharat #ISRO #tech #milestones #hub #mileston #achievement #success #leadership #leadbyexample #foreign #spaceresearch #research #startups #capabilities #capabilitydevelopment #salutes #kudos #yearend #yearendreflections #yearendreview #success

#SpaceIndustry #InvestmentOpportunities #MakeInIndia India Opens Doors for Space Sector Investments!  In a significant move, India has eased foreign direct investment (FDI) norms for the space sector. The Cabinet, led by Prime Minister Narendra Modi, has given the green light for 100% FDI in components manufacturing of satellites. 🛰️ This strategic decision aims to attract overseas and private investments, bolstering the “Make in India” initiative. By encouraging foreign participation, India is poised to accelerate its space capabilities and foster innovation. 🇮🇳💡 Let’s watch as the skies open up for new opportunities!

Beyond boundaries: exploring India's space odyssey India has recently taken huge steps to open up the space sector to private entities. Join Arindam Goswami and Ashwin Prasad in this episode of All Things Policy as they look at the trajectory of private sector participation in the Indian space sector, especially in the context of the recent reforms to open up the space sector to private entities and the guidelines issued by IN-SPACe to clarify more about these aspects. To know more, read Ashwin’s op-ed on this topic here - https://lnkd.in/gah6g4r5

India's space industry is experiencing growth due to data-driven initiatives like the ambitious Gaganyaan mission, strong satellite infrastructure, and private sector investments. The historic Gaganyaan mission, targeting a late 2024 launch, will not only mark a giant leap for India but also unlock economic potential, generating billions and creating thousands of jobs. India is positioned to take the lead in the global space industry, with a projected market size of $30 billion by 2030 and a focus on hypersonic technologies, deep space exploration, and reusable launch vehicles. Follow for more interesting insights #Insights #Strategy #industryresearch #spacetech #marketresearch

#BSEditorial | Private participation Increasing the level and ease of #FDI in the sector should address its financing needs. Given the focus on #technology and global interest in #space, in general, #India has the opportunity to increase the scale of activity, which can lead to multiple benefits. https://mybs.in/2dTdAKC