In the past few years, India’s private space sector has been experiencing a rapid growth. According to a recent report from the Indian Space Research Organisation (ISRO), the number of private space companies in India has more than doubled in the last five years. A number of multinational companies, such as Airbus, Boeing, and Lockheed Martin, have set up offices in India to take advantage of the burgeoning space sector. Furthermore, there has been a marked increase in the number of start-ups and venture capital firms investing in space-related projects. The Indian government has also been actively encouraging private investments in space tech, providing tax incentives and offering access to launch facilities and other resources. All of this has enabled India to become a major player in the global space industry.

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source: Phys.org