Stay updated with breaking news from Authorization Centre. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
This story was first published on the Benzinga India portal. The e-commerce behemoth, Amazon.com Inc. AMZN, is making moves to enter India's rapidly growing…
American tech giant Amazon is looking to enter India's growing satellite communication space and has sought approval from the authorities.
With an eye on giving a major impetus to the homegrown spacetech ecosystem, IN-SPACe has unveiled its decadal vision.
Get latest articles and stories on Business at LatestLY. IN-SPACe is an autonomous nodal agency formed in June 2020 to "promote, enable, authorize and supervise non-government entities" to undertake space activities. Business News | India's IN-SPACe Unveils Space Economy Vision, Focus on Demand Creation, Local Manufacturing.
This would make the US e-commerce firm the latest entrant in India's nascent but fast-growing satellite communications (satcom) market. Amazon would be pitted against the likes of Elon Musk-owned Starlink, Bharti-backed Oneweb and Reliance Industries' Jio Satellite in India which has issued a new space policy earlier this year aimed at spurring private investments in the sector.