Space 2.0: India has entered a new era of research and private investments, boosting space tech innovation

Business News/ Industry / Space 2.0: India has entered a new era of research and private investments, boosting space tech innovation..

With focussed investments and a spurt in research and innovation, domestic space tech firms are charting a new course for India's space economy dreams, said a group of space industry experts at the Mint India Investment Summit 2024..

From groundbreaking missions to Mars, the Moon and close to the Sun, Indias space endeavors have captured the worlds attention, and even inspired a brand new generation of space enthusiasts..

In a panel discussion titled India and the final frontier, the participants Arjun Rao, partner, Speciale Invest; Suyash Singh, co-founder & CEO, GalaxEye; and Chaitanya Giri, associate professor, Space Studies, FLAME University, also discussed the challenges facing the space tech sector, and how India startups can tackle them to become a part of the cosmic adventure unfolding currently..

Reiterating the optimism about the space tech sector, Arjun Rao of tech-focussed venture capital firm Speciale Invest, cited five investments made by his company in space tech startups, while emphasizing that the market would grow significantly in the coming decade..