DBT Bureau
Pune, 21 Sep 2024
ISRO, IN-SPACe, and NSIL have reached an important milestone by signing a total of 75 Technology Transfer Agreements (TTAs) with New Space Enterprises (NGEs). On September 20, 2024, five new agreements were signed at IN-SPACe in Bengaluru, bringing the overall count of TTAs signed since the space reforms to seventy-five. The companies involved in these latest agreements are Anabond Ltd., Salvo Industries Pvt Ltd., Micropack Pvt Ltd., and Astra Microwave Products Ltd.
Post space reforms in India, a significant number of collaborations have taken place between ISRO and various Non-Governmental Entities (NGEs). The Technology Transfer Agreements (TTAs) aim to give private players the opportunity to access the developed technologies available with ISRO, enabling them to use space-related technology for commercial applications in space as well as other sectors such as agriculture, energy, infrastructure, defence, telecommunications, and cybersecurity.
Pawan Goenka, Chairman, IN-SPACe said “The milestone of achieving 75 Technology Transfer Agreements marks a significant step forward in empowering India’s space private sector to harness cutting-edge space technologies for not just commercial applications, but also applications beneficial to society. This reflects our effort at IN-SPACe in facilitating successful collaborations between ISRO, NSIL and non-governmental entities, supporting them in driving innovation and contributing to the growth of a thriving space economy in India. Our focus will continue to be on enabling greater participation, fostering new ventures, and strengthening India’s position in the global space ecosystem.”
This move reflects India’s growing focus on promoting private participation in the space sector, encouraging innovation, and boosting the development of a robust space industry ecosystem. It highlights the increasing collaboration between the government and private players, contributing to advancements in space technology and expanding opportunities in sectors like satellite communication, launch services, and space exploration.
