On the occasion of the successful launch of India’s 1st Private Rocket by Skyroot from Sriharikota today, sharing the statement from Indian Space Association (ISpA) on this major milestone for the Indian private space industry. Hope you can use this in your story. Also, sharing a recently launched ISpA- EY: ‘Developing the space ecosystem in India’ report, for your reference.
Lt. Gen. AK Bhatt, Director General, Indian Space Association:
“The maiden launch by a new Startup has significantly enhanced the credibility for Indian private space players around the globe. The capability that the sector has been claiming has been demonstrated in Space. Since its inception in 2018, Skyroot has come a long way in delivering its expertise in manufacturing of small lift launch vehicles by launching India’s first private rocket which was manufactured in just two years. The Vikram-S rocket’s success will further validate most of the technologies in the ‘Vikram’ series of space launch vehicles planned by Skyroot for the coming years. India’s space economy is set to grow to US$13b and the space launch segment is estimated to grow the fastest by 2025 at a CAGR of 13% which will be further spurred by growing private participation, latest technology adoption and low cost of launch services and this launch is a major landmark for this growth to take place in the coming years.”
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