What Happened
India Aims for $44 Billion Space Economy by 2033 with New Partnerships
The Indian Space Research Organisation (ISRO) is transitioning away from manufacturing launch vehicles and satellites, allowing the private sector and public sector undertakings (PSUs) to take over. This move is part of India’s ambitious plan to build a $44 billion space economy by 2033. ISRO will focus on research and development of new technologies, while the private sector is expected to play a larger role in manufacturing. According to the Start-Up India Portal, the number of space start-ups in India has surged, with total investments rising to $124.7 million. This development was reported by The Tribune.