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Indian space sector contributed $60 bn to GDP, generated 4.7 million jobs The Indian space sector has in the last 10 years contributed $60 billion to GDP, as well as generated 4.7 million jobs in the country, according to a report.  It showed that in the last years, the country invested nearly $13 billion in the space sector. Through direct, indirect, and induced benefits, the sector contributed $60 billion to the national GDP. The report by global consulting firm Novaspace, commissioned by the Indian Space Research Organisation (ISRO), was released by U...
Indian space sector contributed $60 bn to GDP, generated 4.7 million jobs
Indian space sector contributed $60 bn to GDP, generated 4.7 million jobs
Source: IANS
2024-08-24 02:07:04 pm
India unveils 10 billion rupee venture capital fund for space sector India will set up a 10 billion rupee ($119 million) venture capital fund to expand its space sector, Finance Minister Nirmala Sitharaman said on Tuesday, as the country sets its sights on a larger share of the global space market. Earlier this year, Prime Minister Narendra Modi's government allowed 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles. "With our continued emphasis on expanding th...
India unveils 10 billion rupee venture capital fund for space sector
India unveils 10 billion rupee venture capital fund for space sector
Source: Reuters
2024-07-23 02:52:45 pm
Stocks related to Space industry move up on announcement of expansion in space economy Shares of companies related to Space industry soared after Finance Minister announced that space economy to be expanded by five times over next 10 years. To support this goal, a venture capital fund of Rs 1,000 crore will be established. MTAR Technologies is currently trading at Rs. 1921.00, up by 31.50 points or 1.67% from its previous closing of Rs. 1889.50 on the BSE. The scrip opened at Rs. 1880.10 and has touched a high and low of Rs. 1939.85 and Rs. 1880.00 respectively. So far 7493 ...
Stocks related to Space industry move up on announcement of expansion in space economy
Stocks related to Space industry move up on announcement of expansion in space economy
Source: Accord Fintech
2024-07-23 12:41:44 pm
Agnikul plans to launch sub-orbital mission in March-end Private rocket maker Agnikul Cosmos Private Ltd is planning a sub-orbital mission for its Agnibaan rocket sometime this month-end and is waiting for official permission, said officials in the space sector. The company will launch its rocket from its launch pad in Sriharikota in Andhra Pradesh. The launch pad is located inside Indian Space Research Organisation’s (ISRO) rocketport in Sriharikota. “Agnikul’s application for the permission to launch its rocket in a suborb...
Agnikul plans to launch sub-orbital mission in March-end
Agnikul plans to launch sub-orbital mission in March-end
Source: IANS
2024-03-10 09:17:10 am
Union Minister Jitendra Singh unveils IN-SPACe Technical Centre  Union Minister Jitendra Singh on Tuesday unveiled the Technical Centre of Indian National Space Promotion and Authorisation Centre (IN-SPACe) in Bopal, Ahmedabad. The advanced facility is set to offer comprehensive support to non-government entities (NGEs) within the space sector, ranging from design and development to simulation and testing of space technologies. Aimed at addressing the myriad challenges NGEs face in turning conceptual space innovations into tangible realities, t...
Union Minister Jitendra Singh unveils IN-SPACe Technical Centre
Union Minister Jitendra Singh unveils IN-SPACe Technical Centre
Source: IANS
2024-03-06 12:14:34 pm
Government reviews Foreign Direct Investment policy on space sector In a significant move, the government has reviewed the extant Foreign Direct Investment (FDI) policy on the space sector. According to the government, the amendments, made under the Consolidated FDI Policy Circular of 2020, aim to liberalize and streamline FDI regulations to attract more investment and foster growth in the space industry. Under the revised policy, some changes have been introduced. Satellites: Manufacturing and Operation- The sectoral cap for FDI has been set at 100 per cent....
Government reviews Foreign Direct Investment policy on space sector
Government reviews Foreign Direct Investment policy on space sector
Source: Accord Fintech
2024-03-06 11:15:23 am
Esri India, CKS to train 5 lakh students in geospatial tech skills in 5 yrs Esri India and the Centre for Knowledge Sovereignty (CKS) on Friday announced the launch of the pilot programme of the Master Mentors Geo-enabling Indian Scholars (MMGEIS) programme, which aims to train up to 5,00,000 students in the country in geospatial technology skills over the next five years. The online programme is aimed at inculcating geospatial thinking and developing a research-oriented mindset among students from 8th grade to undergraduate level, who will form the future workfor...
Esri India, CKS to train 5 lakh students in geospatial tech skills in 5 yrs
Esri India, CKS to train 5 lakh students in geospatial tech skills in 5 yrs
Source: IANS
2024-02-23 05:59:42 pm
Space industry welcomes new FDI norms, expects $25 bn fresh investment in 10 years  India’s decision to revise its Foreign Direct Investment (FDI) norms for the space sector is expected to bring in fresh foreign investments up to $25 billion over the next decade and result in a wave of collaborations between Indian and foreign companies, said a senior official of the Space Industry Association-India (SIA-India). Indian rocket and satellite makers and their lobby bodies have welcomed the amended FDI norms while expecting further liberalisation after some years....
Space industry welcomes new FDI norms, expects $25 bn fresh investment in 10 years
Space industry welcomes new FDI norms, expects $25 bn fresh investment in 10 years
Source: IANS
2024-02-22 02:29:53 pm
India eases approval process for foreign direct investment in space sector India will allow 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles, a government statement said, aiming for a greater share of the global space market. India's space ambitions got a boost when it became the first country to land a spacecraft near the unexplored south pole of the moon in August - and the fourth to achieve a soft landing - just days after a similar Russian mission failed. The govern...
India eases approval process for foreign direct investment in space sector
India eases approval process for foreign direct investment in space sector
Source: Reuters
2024-02-22 09:10:46 am