Why is NewSpace important for India?

NewSpace is a movement of space entrepreneurs investing/getting backing private capital to create space products and services which are primarily targeted at B2B, B2C markets. This is different from traditional folks who target government mostly as their customer and try to hold the government as an anchor customer for them to kick-off and run their business.

The NewSpace India team has been a part of a new crowdsourced venture on tracking NewSpace companies around the world. HERE is an archive of 100s of NewSpace companies being tracked with different verticals (launch, satellite, analytics, etc.) across different geographies. Today there is evidence that there are more than 1000 NewSpace companies around the globe that have been kicked-off in the last 10 years.… Click here to read the complete article