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Funding in India’s space sector, a key part of the country’s ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according ...
Access to the U.S. defence and space market, the largest globally, could generate annual revenues between $500 million and $1 billion for the Indian companies, the second source said.
With the global commercial space market expected to reach $1 trillion by 2030, India aims to grow its share to $44 billion by 2040, up from $8 billion, or a slice of just 2%, now. ($1=86.5150 rupees)
India's interest in space travel began in the early 1960s, when scientists launched a Nike-Apache rocket from TERLS, Kerala. [6] [7] The Indian National Committee for Space Research was subsequently set up, which later became the Indian Space Research Organisation (ISRO) [11] functioning under a new independent Department of Space (DoS) in the 1970s under the Prime Minister of India.
But India only has a market share of about 2% in commercial space activities and demand is still largely dependent on global clients, while well-established companies in U.S., Russia and China are ...
Ethereal Exploration Guild Private Limited is an Indian startup based in Bengaluru developing fully reusable vertical landing medium-lift space launch system at reduced cost and cut launch timeframes. [1] [2] Founded in 2022, the company is currently developing India's largest private rocket engine facility in the southern state of Tamil Nadu. [3]