Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

SPACE VISION

Business Today India

|

January 19, 2025

The government will focus on R&D and ambitious missions, such as human spaceflight, while operational responsibilities increasingly transition to the private sector

- S. SOMANATH

SPACE VISION

INDIA'S CONTRIBUTION to the global space economy is currently just 2%, which highlights the need for significant growth. One of our key goals is to increase this share to 10% over the next decade. To achieve this, we are prioritising public-private partnerships (PPPs), enabling start-ups and other companies to play a larger role in space activities.

That includes transferring operational tasks to private players, encouraging private missions, and supporting start-ups in every aspect of the space sector. Additionally, we are supporting foreign direct investment and introducing new PPP models under NewSpace India Limited.

We have created a comprehensive 25-year road map, called the Space Vision, which outlines ambitious goals, including an Indian landing on the Moon by 2040. This requires several precursor activities, such as the continued Chandrayaan programme. Another major initiative is the development of a space station, which we aim to operationalise by 2035, along with extending the human space programme. We are also focussing on application-oriented programmes by involving user communities in areas like communication and Earth observation satellite launches. This approach will expand the commercialisation of data and revenue generation opportunities in the sector.

The Indian Space Research Organisation (Isro) has a rich history of collaboration with global players such as NASA, CNES (France), Roscosmos (Russia), and JAXA (Japan). These partnerships have been pivotal in technology acquisition and joint missions. Our focus is now expanding to include emerging space nations, helping their industries connect with India's space ecosystem.

MORE STORIES FROM Business Today India

Business Today India

Business Today India

THE INDIAN TAKE-OFF

INDIA IS IN THE MIDST OF A MASSIVE AVIATION UPGRADE. CAN IT BECOME THE NEXT AIRPORT HUB LIKE DOHA, DUBAI, AND SINGAPORE?

time to read

9 mins

November 23, 2025

Business Today India

Business Today India

NO DEAL, HIGH TARIFFS WEIGH

INDIA INC WADED THROUGH A TERRIBLE Q2, BUFFETED BY TRUMP'S TARIFFS AND A SLUMP IN EXPORTS. YET, SENTIMENT REMAINED RESILIENT, WITH THE QUARTERLY BT-C FORE BUSINESS CONFIDENCE INDEX INCHING UP. WILL THE GST BONANZA BRIGHTEN Q3?

time to read

8 mins

November 23, 2025

Business Today India

Business Today India

INDIA'S ELECTRONICS GAMBIT

The Electronics Component Manufacturing Scheme has got off to a promising start. Can it push India past the assembly model to increase value addition and reduce imports?

time to read

8 mins

November 23, 2025

Business Today India

Business Today India

"Expect further innovation in cancer therapies"

Praveen Rao Akkinepally, Country President and Managing Director, AstraZeneca Pharma India, on new launches, India's expanding role in the global innovation pipeline, and more

time to read

4 mins

November 23, 2025

Business Today India

Business Today India

Management Advice

'' HOLD EMPLOYEES ACCOUNTABLE FOR SERVICE DELIVERY\"

time to read

1 mins

November 23, 2025

Business Today India

Business Today India

SMARTER ROBOTS, SMARTER FACTORIES

MANUFACTURING TAKES A LEAP AS NEW-AGE ROBOTS COMBINE AI REASONING WITH VISION SYSTEMS TO MANAGE TASKS LIKE ASSEMBLY, INSPECTION AND PREDICTIVE MAINTENANCE

time to read

10 mins

November 23, 2025

Business Today India

Business Today India

REBOOT MODE

AS AI UPENDS THE GLOBAL TECH ORDER, INDIAN IT GIANTS FACE A STARK CHOICE: ADAPT FAST OR FADE AWAY.

time to read

10 mins

November 23, 2025

Business Today India

Business Today India

TOWARDS QUIETUS

WITH MEHLI MISTRY BEING VOTED OUT AS A TRUSTEE, THE POWER STRUGGLE AT TATA TRUSTS APPEARS TO BE OVER. WILL THE PEACE HOLD?

time to read

4 mins

November 23, 2025

Business Today India

Business Today India

POWER WITH PERSONALITY

CHECK OUT TWO PHONES THAT COMBINE POWER AND PERSONALITY-THE GOOGLE PIXEL 10 PRO FOLD AND THE REALME 15 PRO GAME OF THRONES LIMITED EDITION

time to read

2 mins

November 23, 2025

Business Today India

Business Today India

GIVING WINGS TO INDIA'S AI DREAMS

THE BUSINESS TODAY Al SUMMIT DELIBERATED ON HOW INDIA CAN LEVERAGE ITS DEMOGRAPHIC SCALE AND DIGITAL INFRASTRUCTURE TO UNLOCK A 500-BILLION OPPORTUNITY

time to read

1 mins

November 23, 2025

Listen

Translate

Share

-
+

Change font size