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Space Sector: "The fact that India is investing into shared infrastructure, for instance, launch infrastructure for small satellites, could eventually become an equivalent of the digital public infrastructure and what it has done for digital entrepreneurship," Buckup said.
The space sector in India is witnessing a surge in excitement, attracting talent from around the world and inspiring entrepreneurship. The World Economic Forum's Centre for Fourth Industrial Revolution (C4IR) launched a space technology programme in India to foster global collaborations as the private space sector gains momentum in the country. India is seen as a role model for smaller space nations, with the potential to create a "space public infrastructure" that could fuel a boom in space entrepreneurship.
Sunil Bharti-owned Bharti Group holds majority stake in OneWeb and HCIPL is a joint venture between Bharti Group and satellite services company Hughes.
Hughes Communications India (HCIPL) and OneWeb have signed a six-year distribution partner agreement to provide Low Earth orbit (LEO) connectivity services across India. In an interview to PTI, HCIPL, President and Managing Director, Shivaji Chatterjee said OneWeb will have an early-mover advantage in India, as competitors who are in fray to provide satellite communications service in India are either in the development stage or lag behind in data link speed.
The IN-SPACe — an autonomous body under the department of space entrusted with supervising, authorising, enabling and promoting the sector — aspires to make space a $44 billion market by 2033, of which $11 billion will be generated through export.