Moonshot boom: behind spurred investment in India’s thriving space sector
Chandrayaan-3’s historic landing near the Moon’s south pole, solidifying India’s status as a leading spacefaring nation. This achievement has transformed global perceptions, but also spurred significant investment in India’s thriving space sector. Suraksha P examines the current investment trends and developments.
Did Chandrayaan-3’s success attract investments for the Indian space sector?
“The government had already laid the groundwork through policy reforms and the creation of IN-SPACe to actively encourage private sector participation. However, Chandrayaan-3 provided a decisive push that captured the world’s attention, significantly amplifying investor interest in the rapidly growing space sector,” Pawan Goenka, Chairman, IN-SPACe.
“The satellite launch vehicle market is grim and there are rockets available but are waiting for demand.”
S Somanath, chairman, ISRO, at 155th Synergia Forum, Bengaluru, on June 13
Would India have attracted investments even without Chandrayaan-3?
“I believe so. Because, space is not just about conquering planetary boundaries. The fact that a private company can launch a rocket or a satellite in space is a huge first step. Landing on the Moon or Mars will happen after a series of small victories. Space tech ventures demand patient capital. India can capture 10-20% of the global space economy,” said Anirudh A Damani, managing partner, Artha Venture Fund.
“Chandrayaan-3’s success has given an international seal of acceptance to ISRO. But the nation has benefitted through a
