In the middle of last year, India opened its doors to private participation under the IN-SPACe program.
The reform hailed as revolutionary has opened up new avenues for private players in not just space exploration but in building satellites, sub-assemblies, electronic components, communication technology, materials and much more.
A robust space program along with futuristic tech and research are key for the government and industry as they provide strategic data across a slew of sectors from agriculture, climate, communications, defence, banking, surveillance and much more. As enterprises large and small diversify into the entire space value chain in partnership with India Space Research Organization (ISRO), the country now stands at the cusp of building a global space ecosystem.
According to PWC India, the global space economy is pegged at $360 billion currently where India's share stands at a mere 2-3 percent of the global space economy.
In this episode of Young Turks, Shereen Bhan spoke to Srinath Ravichandran, co-founder & CEO of Agnikul Cosmos; Nitish Singh, co-founder & CEO, Astrogate Labs and Awais Ahmed, founder & CEO, Pixxel about India's tryst with space.Watch this video for more.