Private participation to impel Indian space economy: DG ISpA

New Delhi India, which currently has over 150 space startups which have secured $303 million in funding in recent years, are set to make India a leader of the global space economy with increased private participation, said Lt Gen A.K. Bhatt (Retd), Director General, Indian Space Association (ISpA).

Indian startups in the space sector are now operating in diverse segments such as launch vehicles, satellites, propulsion systems, ground services and applications, etc.

“With continued support from the investors as well as the government, the ecosystem will be able to sustain in the long-term to make India a leader of the global space economy,” Bhatt told.