India’s 1st Integrated Rocket Facility to be Based in Telangana

India’s 1st Integrated Rocket Facility to be Based in Telangana

• Telangana’s IT and Industries Minister K T Rama Rao on said the state will have the country’s first integrated rocket design, manufacturing and testing facility in Hyderabad by Skyroot Aerospace.
• The Hyderabad-based startup, incubated at T-Hub, launched the country’s first private rocket. Skyroot Aerospace became the first privately held company in India after the space sector was opened for the private players by the union government in 2020.
• Skyroot Aerospace wants to build high-technology, low-cost, reliable launch vehicles. Its co-founders Chandana and Naga Bharath Daka previously worked with the Indian Space Research Organisation (ISRO) as rocket scientists for about a handful of years before starting up in 2018.
• The global space economy is valued at just over $450 billion, out of which India’s share is roughly about 2 per cent. The key to increasing India’s contribution to the global space output lies with the private sector

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Published date : 29 Nov 2022 04:05PM