Never miss a story

Get subscribed to our newsletter


×
Leading space tech startups in Inida. Pixabay

Hoping that the country would soon become a manufacturing hub of space assets, Prime Minister Narendra Modi said in December last year that the decision to unlock India’s potential in the space sector has heralded a new age of public-private partnership. Inspired by these words, the space tech startups in India have kicked off the journey to take a big leap in the near future.

The government opened up the space sector in June last year and created the Indian National Space Promotion and Authorisation Centre (IN-SPACe) that is working as a link between the ISRO and private companies that wants to participate in space-related activities or use India’s space resources. While homegrown private earth imaging company Pixxel has closed a $7.3 million (nearly Rs 53 crore) seed round and is working on two satellites to send to space this year, the Department of Space (DoS) has signed a pact with Chennai-based small rocket company Agnikul Cosmos to access the facilities and technical expertise available at the ISRO (Indian Space Research Organisation) centers.


Follow NewsGram on Twitter to stay updated about the World news.

According to Awais Ahmed, Founder, and CEO, Pixxel, with the radical liberalization of space reforms, the government is providing growing impetus to space tech startups like Pixxel.

“Pixxel’s rich satellite imagery will help tackle multiple issues across sectors like agriculture, environment, natural disasters, urban monitoring, etc. that the government itself will be a beneficiary of. In addition to the high-quality imagery our satellite will provide, we are also building a platform for customers to analyze this data for various purposes, enabling them to become self-reliant,” the 23-year-old entrepreneur told IANS.

The Bengaluru-based startup plans to deploy a total of 30 satellites by December 2022 for its global constellation. “The main focus, for now, is to get the entire constellation up there. Once it is fully deployed, it will enhance the capacity and resources of the space sector and ensure the benefits of space are brought down to earth for everyone in the country,” Ahmed noted.


The government opened up the space sector in June last year. Pixabay

Founded in 2019 by Ahmed and Kshitij Khandelwal, while studying at the Birla Institute of Technology and Science (BITS), Pixxel was the only Asian participant selected to be a part of the ‘Techstars Starburst Space Accelerator’, where it worked with NASA JPL, US Air Force, Lockheed Martin, and Maxar, among others. As VC funds now warming up to the Indian space tech startups, Agnikul raised over $4 million last year while Pune-based Vesta Space Technology has also raised $10 million from US-based Next Capital LLC.

Agnikul Cosmos is now looking at overseas rocket ports to launch its rocket with small satellites apart from the Indian rocket launch centers. “Our first preference is to use Indian rocket ports at Sriharikota or the upcoming one at Kulasekarapattinam in Tamil Nadu (both belonging to the Indian Space Research Organisation). If the customer prefers the launch to happen from some other country, we will ship the rocket and launch from there,” Srinath Ravichandran, co-founder, and CEO, Agnikul Cosmos, told IANS recently.

The company is hopeful for the debut launch of its rocket ‘Agnibaan’ next year which is capable of taking up to 100 kgs payload to orbit around 700 km high. According to ISRO chief K Sivan, the market size of the global space sector is about $350 billion, and India shares less than three percent of the market. He had emphasized that if the ISRO continues to remain the sole player in the space sector, the Indian market share will not improve.

ALSO READ: Indian Space Firm Invites Industry To Make Rockets

Sensing the opportunity, global tech giants have come forward to help India chart its new space journey. Amazon Web Services (AWS), which is the Cloud arm of Amazon, aims to help the country transform its space sector and tap into the multi-billion-dollar market. “We’ll be listening to ISRO and our partners in India in terms of what we can provide them but from everything we know, they need a humongous data storage and to make sense of huge space datasets, they need edge computing and have to work on their virtual mission operations just like NASA is doing,” Teresa Carlson, Vice President for Public Sector and Regulated Industries, AWS, told IANS.

The government is also working on a new launch vehicle policy and a space exploration policy while the existing Satellite Communication Policy and Remote Sensing Data Policy are being amended to make it more transparent. The time is now ripe for the corporate giants like AWS to step in and provide tailor-made solutions to transform the space tech startup ecosystem in the country. (IANS/SP)


Popular

Wikimedia Commons

Amitabh Bachchan, during his speech to the crowd of over 80,000 people at the Reliance Industries' annual event, said that the legacy left by Dhirubhai has had a positive impact on millions of people's lives worldwide.

Amitabh Bachchan is adored by the public for his unforgettable on-screen performances as well as his magnetic demeanour. Not only do fans love Amitabh Bachchan's outstanding performance, but the actor's heartwarming words are also highly regarded. A much moved Amitabh Bachchan, during his speech to the crowd of over 80,000 people at the Reliance Industries' annual event, said that the legacy left by Dhirubhai has had a positive impact on millions of people's lives worldwide.

When Bollywood superstar Amitabh Bachchan became bankrupt in the late 1990s, Dhirubhai Ambani stepped forward to give him financial assistance. In his speech, Bachchan remembered that Dhirubhai had sent Anil Ambani to offer him financial assistance during the crisis, which he had respectfully declined. Lenders began knocking on his door, losses mounted, and his bank account dwindled to nothing. He said, "Dhirubhai's money might have gotten me out of the problem quickly. However, I respectfully declined his offer and gradually began to find work again, which let me pay off my debt."

Keep Reading Show less
Photo by Xavier Mouton Photographie on Unsplash

Irrespective of the age of your child, it is vital for parents to offer that extra support and assistance following an unsettling event.

In comparison to adults, children are prone to getting traumatized by troubling events easily, and this makes it important for parents to help their children when the times are tough. It could be a brutal accident, an unprecedented pandemic, a violent crime, or other disasters but with the right parental support, children have a higher chance of coming out stronger from an awful situation.

Anuja Kapur, Psychologist shares few tips wherein you can assist your child when tough times comes calling:

Every child responds differently to disturbing events:
What children feel about a current disaster in their life and how they react to it can come and go in waves. Children can act moody and withdrawn at times, struck with sorrow and fear at other times. There's no absolute "right" or "wrong" way to feel after a traumatic event so make sure not to dictate what your child or how your child should feel and react to the event.

a boy crying tears for his loss Children can act moody and withdrawn at times, struck with sorrow and fear at other times. | Photo by Kat J on Unsplash

Keep Reading Show less
Photo by Andreas Haslinger on Unsplash

European consumers will be able to use a single charger for all their portable electronics - an important step to increase convenience and reduce waste.

The European Commission, the executive arm of the European Union (EU), has announced plans for smartphone and other electronics manufacturers to fit a common USB-C charging port on their devices in an effort to reduce waste. In addition to phones, the rules will apply to other devices like tablets, headphones, portable speakers, videogame consoles, and cameras, reports The Verge. The decision will have a huge impact on Apple, as the company still uses its own Lightning connector to charge iPhones. The proposals only cover devices using wired, not wireless and a USB-C port is only mandatory for devices that charge using a cable.

Different charging cables "Chargers power all our most essential electronic devices | Photo by Solen Feyissa on Unsplash

Keep reading... Show less