Dhruv Space is India’s first space startup to launch satellites
Estimated global need for 30,000 satellite launches this decade
400 private companies created by ISRO dedicated to the manufacture of special screws, sealants and other products for space
New York (United States). US newspaper ‘The New York Times’ has praised India’s ambitious space program and said start-ups are growing rapidly in space technology in the world’s largest democracy. The newspaper wrote that these start-ups indicate that India can bring about radical changes in this sector and can emerge as a force to give “equal competition” to China.
The leading US newspaper said that when India launched its first rocket in 1963, it was a poor country adopting the most advanced technology in the world. This rocket was transported by bicycle to the launch pad and was successfully placed in space 200 km from Earth. At that time, India pretended to stand with America and the Soviet Union, but today India is in a much stronger position in the space race.
India has at least 140 registered space technology start-ups, including a local research sector that can make a difference, the newspaper said in an article titled “Surprising Innovators in the Global Space Sector”.
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The article states that the growth of startups has been remarkable and they also have a huge market. The “New York Times” (NYT) highlighted the importance of India’s emergence as a “science powerhouse” and Prime Minister Narendra Modi’s visit last month at the invitation of President Joe Biden. Citing the state visit to Washington and the joint statement released by the two sides, he said the two leaders had “paved the way to reach new frontiers in all areas of space cooperation.”
The newspaper says the United States and India “see space as an area where India can provide equal competition to their mutual rival, China.” He said one of India’s advantages is geopolitical. He said Russia and China have always offered low-cost launch options. But the war in Ukraine ended Russia’s role as a competitor, the NYT said.
The article says that similarly, the US government is more likely to approve the shipment of weapons-grade technology via India than any US company via China. The NYT article also mentions Hyderabad-based Skyroot Aerospace and aerospace manufacturer Dhruv Space.
He also mentions the Bengaluru-based start-up Pixel, which “has partnered with an intelligence agency working with the Pentagon.” Its co-founders are Awais Ahmed and Kshitij Khandelwal.
Describing India as “a thriving hub of innovation” and “one of the most competitive launch destinations in the world,” the NYT article says space tech start-ups are among the “hottest regions Wanted” from India for venture capitalists. and their growth has been “extremely remarkable”.
“The Indian Space Research Organization (ISRO) has formed about 400 private companies in clusters in Bengaluru, Hyderabad, Pune and elsewhere, each dedicated to manufacturing specialized screws, sealants and other space products,” did he declare. The newspaper said that India is full of economic engineers. But their low pay alone can’t beat the competition. Due to this Indian company like Skyroot focuses more on specialized services.
Pawan Kumar Chandana (32), co-founder and CEO of Skyroot Aerospace, estimated a global need for 30,000 satellite launches this decade. He said we are like a taxi. His company charges more for small payload launches, while Elon Musk-owned SpaceX is “like a bus or a train where they pick up all their passengers and drop them off in one place.”
The article states that Dhruv Space is the first Indian space startup to launch satellites. Its head of strategy, Kranti Chand, is rarely in Hyderabad in any given month, as he spends about a week in Europe and another in the US talking with clients and investors.
Tags: Space News, American News, world news in hindi
FIRST POST: July 05, 2023, 3:13 PM IST