Brief by Shorts91 Newsdesk / 01:34pm on 30 Mar 2024,Saturday Science
At the Mint India Investment Summit, experts highlight India's entry into "Space 2.0," emphasizing private sector innovation in space research. Challenges include funding and talent availability. Startups like GalaxEye face initial funding hurdles due to the unique nature of space tech. Despite challenges, optimism reigns, with Speciale Invest making five space tech investments and anticipating market growth. ISRO's Gaganyaan Mission and the announcement of four astronauts underscore India's space ambitions. With ISRO earning from foreign satellite launches and startups attracting private investment, India aims for a $100 billion space economy by 2040.
