NewSpace should help India compete on the global stage. “There’s going to be a lot of shortage of the heavy-lift launchers that will be required.” Radhakrishnan, the chairman and managing director of NewSpace, which was created in 2019 as the commercial arm of the national space agency, the India Space Research Organisation. His administration has tried to make India’s space agency more business friendly by encouraging the growth of startups. ĭeveloping the space sector is a key plank of Prime Minister Narendra Modi’s “ Make in India” campaign, which aims to position the world’s fifth-largest economy as a top destination for technological innovation. It reinforces India’s leading role as a global commercial launch service provider in the true spirit of Aatmanirbharta. By contrast, India has moved closer to the US and other regional powers, including Australia and Japan, and the country’s launches cost less than other rivals.Ĭongratulations on yet another successful launch of LVM3 with 36 satellites. “Politically, India is in a much better place,” he said.Ĭhinese rockets aren’t good options for many satellite operators, partly because of growing concerns about Beijing accessing Western technology. “China can’t work with North America and the US drives the majority of demand.” “If SpaceX is full, busy or expensive, you have to look elsewhere – and you can’t look at China,” said Dallas Kasaboski, principal analyst with Northern Sky Research, a space research and consulting firm. And Virgin Orbit Holdings Inc., the satellite-launch company tied to British billionaire Richard Branson, said last week that it was ceasing operations indefinitely following a launch failure in January. Read | Explained: How does ISRO's reusable launch vehicle work?Īt the same time, France’s Arianespace has suffered problems getting its newest rocket ready for use. OneWeb turned to India after Russia scuppered the original launch last year, taking 36 of its spacecraft hostage. But the war in Ukraine and Beijing’s tensions with the US mean they’re now off limits to many would-be customers. By 2025, the so-called space economy is projected to grow to $600 billion from $447 billion in 2020, according to Ernst & Young estimates.Īlong with Elon Musk’s SpaceX, Russia and China have been the main providers of satellite launches, given their long-running state space programs. The move not only salvaged the UK satellite company’s bid to create a global broadband internet network in the skies, but also signaled India’s ambitions in the sector.ĭemand for high-speed internet delivered from space has made launching satellites into orbit a prosperous business. launched three dozen communications satellites last month from an island off the nation’s eastern coast for OneWeb Ltd. India is muscling in on the increasingly lucrative business of space, taking advantage of the geopolitical isolation of China and Russia to pitch itself as a reliable alternative to SpaceX.
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