India is taking a major leap in achieving data sovereignty by inviting private companies to build and operate Earth observation (EO) satellite constellations. Spearheaded by IN-SPACe, this initiative seeks to reduce reliance on foreign data and strengthen the country’s satellite capabilities through private-public partnerships.
Key Highlights
- 30 Companies Participating: IN-SPACe received nine applications, representing a consortium of 30 companies, including Google-backed Pixxel, Baring Private Equity-backed SatSure, and Tata Advanced Systems.
- Market Potential: The global small satellite and data services market is projected to reach $45 billion by 2030, and India aims to secure a leading role.
- Eligibility Criteria: Applicants must invest ₹850 million or have a turnover of ₹2 billion, establish control centers in India, or partner with ground station providers.
- Government Support: The government plans to loan ₹3.5 billion to the winner, with private companies covering the remaining costs.
- Private Sector Growth: A 10-billion-rupee venture fund has been set up to support startups, further driving India’s ambitions in the space sector.
This initiative underscores India’s commitment to fostering a self-reliant space economy, scaling private sector involvement, and monetizing its satellite and data services industry. By empowering homegrown companies, India is positioning itself as a significant global player in the satellite market.
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