In the space sector it is the satellite that showers continuous cash to the operators the cash cow and not the glamourous rocket. With the trend of small satellite constellations, satellite manufacturing offers good scope for India, states a sectoral report titled 'Developing the space ecosystem in India: focusing on inclusive growth' was prepared by the Indian Space Association (ISpA) and EY. As per the report, the satellite
manufacturing business in India is expected to touch $3.2 billion in 2025 from $2.1 billion in 2020. New age low earth orbit (LEO) players are showing interest to leverage Indian companies for locally built satellite communications equipment, the report said. Foreign companies are looking to reap the benefits of satellite manufacturing services in India. In the space sector it is the satellite that showers continuous cash to the operators the cash cow and not the glamourous rocket. With the trend of small satellite constellations, satellite manufacturing offers good scope for India, states a sectoral report titled 'Developing the space ecosystem in India: focusing on inclusive growth' was prepared by the Indian Space Association (ISpA) and EY.
As per the report, the satellite manufacturing business in India is expected to touch $3.2 billion in 2025 from $2.1 billion in 2020. New age low earth orbit (LEO) players are showing interest to leverage Indian companies for locally built satellite communications equipment, the report said. Foreign companies are looking to reap the benefits of satellite manufacturing services in India.
