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In a move to steer public-private partnership in the Indian space industry, Indian Space Association organized the first of its kind interaction, "Space Track", between the defence and space industry leaders, at the "GeoIntelligence 2022". As the space policy is expected to be around the corner, India is at the cusp of a major revolution in the private space industry, which is signified by the massive investments of around INR 700 Cr made in the Indian space start-ups.The event witnessed the presence of leaders from across the Indian defence forces and the private space industry. The Keynote addresses were delivered by Air Marshal BR Krishna, Lt Gen MU Nair, Air Vice Marshal M Ranade, Air Vice Marshal DV Khot from the defence services and Kranthi Chand, Head Strategy, Dhruva Space and Rohan Verma, CEO and Executive Director, MapmyIndia from the private space domain.Commenting during the event, Lt Gen AK Bhatt, Director General, Indian Space Association said, "It is our honour to organise first of its kind interaction between Defence and private Space Industry leaders. We are expecting the New Space Policy to come out soon and we believe that the interactions around the Space Activity Bill will start in a couple of months after the space policy and the Department of Space aims to come out with bill also by the end of this year. Space plays a critical role in defence forces operations and hence there is a greater need to work together."Air Marshal BR Krishna said, "Currently, more than 70 countries now have their space programmes. Alongside the advantages that space offers, it also creates vulnerabilities relating to the increasing congestion in space. India has been a leading space nation and it is important that we develop our own space security strategy, space infrastructure and assertive defence capabilities that will be critical to deter the forces attacking our sovereignty in space."Lt Gen MU Nair said, "Space is a domain full of challenges and opportunities. Today our military, army-specific networks still have inadequacies, and we are in the process of rolling out network for the spectrum known as Project Kranti which will enable the information flow in a seamless manner. The challenges in space-based surveillance and space-based guidance are all enigmas for which we need solutions. We need to develop a collaborative one-nation approach, where the Indian private space industry needs to work more closely with military."Air Vice-Marshal M Ranade said, "Space security is a high priority area which needs our sustained, focused attention. Our country has made commendable progress in exploiting space technologies, especially for civilian use. The military use of space has seen a rapid growth and the recent opening up of the private sector for space has brought in new energy and excitement. The right application into various avenues through constant deliberations with the different space agency, experts from academia, R&D establishments and industry will pave the way for the sector. Integration of dual-use capabilities for exploitation by civil and military players in space-based assets will enable redundancies against any act of denial of space resources."Air Vice-Marshal DV Khot said, "The penetration of commercial space services in every aspect of our life is increasing our dependencies on what is traveling on space like the transportation systems, irrigation, electricity grids, the internet, IoT. The penetration of the cyber world and the information through SATCOM into everyday life is another technology with disruptive possibilities. New-age technologies like data analytics, AI/ML, automation need to be embedded in a larger civil-military fuse environment where academia, industry, start-ups, scientists, and military people all come together are able to develop some of these things."Further, Kranthi Chand, Head Strategy, Dhruva Space said, "The New Space Policy is going to be a crucial policy for private institutions to launch satellites. Rocket science is costly affair and around INR 700 Cr has been spent by the Indian start-ups in the space domain to build the initial first product. We need mass manufacturing of satellites for the investments to flow and there needs to be an overhaul of the procurement procedure in the defence. The defence and the space entities need an extension on the start-up relaxations so that we can continue to support in terms of building new technologies for procurement.""We have been able to understand thousands of problem statements of how enterprises need to use geospatial intelligence. I'm pleased with the formation of Defence Space. From the defence side, our ask is that accelerate the adoption infusion promulgation of the maps and technologies within the defence which will enable our country to fight the adversaries," Rohan Verma, CEO & Executive Director, MapmyIndia said.This story is provided by NewsVoir.will not be responsible in any way for the content of this article. (ANI/NewsVoir)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Business :Defence and Private Space Industry leaders call for greater collaboration to boost Indian Space Economy

In a move to steer public-private partnership in the Indian space industry, Indian Space Association, organized the first of its kind interaction, "Space Track", between the defence and space industry leaders, at the "GeoIntelligence 2022". As the sp ...