India is one of the leading spacefaring countries around the globe. It is the fourth nation on Earth to send a spacecraft to the moon and the first Asian nation to reach Mars orbit. It landed closer to the south pole than any other nation, which is noted for its cratered topography.
However, the private sector has only moderately contributed to space exploration; it mostly serves as vendors and suppliers to the Indian Space Research Organization (ISRO), the country’s official space agency.
This is rapidly changing as a result of numerous government initiatives designed to increase private investment in the space industry. Washington’s space goals have been enhanced by the proliferation of private enterprises in the United States, like Elon Musk’s SpaceX, which has reduced prices.
Indian-based firms such as Sky Root Aerospace, which successfully launched the nation’s first private rocket in 2022, are spearheading efforts to commercialize the country’s space industry and enhance its standing as a space powerhouse.
The business is getting ready for the launch of the seven-story-tall Vikram-1 rocket, which will carry India’s first privately launched satellites into space, inside a sleek rocket hanger in the southern city of Hyderabad.
CNN was told by Pawan Chandana, a former ISRO scientist who co-founded Sky Root Aerospace in 2018, that “that’ll be a major milestone for us.” “On a global scale, very few businesses have succeeded in reaching orbit yet.”
