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Technology beyond space

Encouraging private sector will increase opportunities

Isro's Launch Vehicle Mark-III (LVM3) M4 rocket carrying 'Chandrayaan-3' lifts off from the launch pad at Satish Dhawan Space Centre, in Sriharikota, Friday. Photo: PTI
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India’s presence in the global civil space economy could increase dramatically if the new Indian Space Policy works as intended. The space economy is defined as a range of activities and use of resources to create value while exploring, researching, managing, and utilising space. This segment is reckoned to be worth roughly $500 billion. India contributes less than 2 per cent at around $8 billion. The space policy targets pushing that contribution up to around $45 billion over the next 10 years. This expansion involves a multi-pronged effort. InSpace, the commercial arm of the Indian Space Research Organisation (Isro), will

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