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Space race: Get startup rivalry ready for lift-off

Mint Chennai

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June 24, 2025

India's space programme has taken a step forward.

Our space agency, the Indian Space Research Organisation (Isro), has outsourced the manufacture of an entire satellite launch system to another entity—Hindustan Aeronautics Ltd (HAL)—in this instance. This should accelerate our space thrust in terms of both commerce and know-how. Sourcing components from third parties, to which Isro transfers design and technology, has been an integral part of its operations. From engineering majors L&T and Godrej Aerospace to specialists like MTAR Technologies and small electronics firms, over 500 companies have contributed to Isro's low-cost conquest of space.

As its capabilities and needs grew, the government set up two new entities half a decade ago to facilitate private sector participation in space projects. While NewSpace India Ltd interfaces with various businesses (even as Antrix Corp markets Isro's services), the Indian National Space Promotion and Authorisation Centre acts as the sector's supervisor. As the world moves ahead in space exploration, we must not just keep pace, but push frontiers.

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NEET-PG cutoffs slashed to fill seats

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Stop chasing returns and focus on protecting capital through stability, liquidity, risk control

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Unacademy plans to exit offline centres

Gaurav Munjal told employees company aims to shift to franchise model

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Some southern films may be runaway hits in their home market but their Hindi dubs bomb at the box office

time to read

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Centre to enforce strict hair transplant safety standards

Only qualified medical professionals will be permitted to perform these procedures

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State Street to buy 23% in Groww MF for ₹580 cr

State Street, the world's fourth largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww.

time to read

1 min

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ICICI Lombard: Misplaced fears?

ICICI Lombard General Insurance Co. Ltd's shares fell on Wednesday, despite the sharp boost in its gross domestic premium income (GDPI) growth rate to 13.3% in the December quarter (Q3FY26).

time to read

2 mins

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