Centre urges space startup collaborations to build scale, boost revenue
Indian Space Station, Chandrayaan-4 plans ready for govt approval: Isro chairman Industry experts welcomed the move. Chaitanya Giri, fellow at think-tank Observer Research Foundation (ORF)’s Centre for Security, Strategy and Technology, said, “A collaborative move is good for India’s space startups.
Conglomerates can not only help build better bodies to attract revenue—these can also help the startups build better capabilities and add more than just a single dimension to their business. Most space firms are now close to a decade old at least by registration—it’s imperative that they leverage the current market until they have the window of benefits." In June this year, Mint reported that slim support from the Centre as a customer has impacted the sector negatively.
Since then, Isro, along with nodal space body Indian National Space Promotions and Authorisation Centre (In-Space), has announced an $18-million space collaboration deal with the government of Australia in a bid to bring business opportunities for private space startups in India. Other initiatives, such as privatization of Isro’s small-capacity rocket, are also in the final stages.
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