India sets sights on 10% of global space economy in 10 yrs
Business Standard|August 21, 2024
India has outlined an ambitious 25-year vision plan for the space sector, which includes vaulting the size of the space economy from around 2 per cent globally to 10 per cent in the next decade, setting up a human space station, and sending an Indian to the moon by 2040.
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India sets sights on 10% of global space economy in 10 yrs

SSomanath, chairman of the Indian Space Research Organisation (Isro), expects the size of India's space economy to zoom from $9 billion currently to $45 billion in the next ten years, with the private sector playing a major role.

Addressing the media on the sidelines of an AICTE and Indian Space Association event on Tuesday, Somanath said more than 10 companies and consortia have expressed interest in manufacturing the Small Satellite Launch Vehicle (SSLV), with a few being shortlisted as potential bidders for the transfer of technology.

This story is from the August 21, 2024 edition of Business Standard.

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This story is from the August 21, 2024 edition of Business Standard.

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