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India's space sector sees surge in startups, key to boosting market share to 10% by 2047.
ISRO Chairman S. Somanath highlighted the growing role of startups and the private sector in boosting India's space sector.
Since 2014, the number of space-related startups has surged to over 250, attracting Rs 1,000 crore in investments in 2023.
India aims to increase its share of the global space market from 2% to 10% by 2047, targeting a market size of $1.5 trillion.
The private sector is key in launching small satellites and developing communication systems, among other technologies.
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El sector espacial de la India ve un aumento en las startups, clave para aumentar la cuota de mercado al 10% en 2047.