Defence Monitor

Indian SpaceTech sector

Indian spacetech sector gets $62 mn in funding this year, up 60%

Indian spacetech sector gets $62 mn in funding this year, up 60%

New Delhi, Aug 26, As the world acknowledges India's space dominance after the Chandrayaan-3 success, the spacetech sector in the country received $62 million in funding this year to date, reflecting a substantial 60 per cent increase compared to the same period last year. India currently ranks seventh in terms of funding within the international spacetech landscape, firmly establishing its influence in this dynamic sector, according to a latest report by market intelligence firm Tracxn. This exceptional growth trend is expected to continue in the upcoming months. The Indian SpaceTech sector's journey has been one of transformation, driven by the…
Read More