New Delhi: ISRO, In-Space and NewsSpace India Ltd (NSIL) signed a total of 75 Technology Transfer Agreements (TTAs) with private companies. As part of India’s ongoing space reforms, on September 20, 2024, five new TTAs were added with companies such as Anabond Ltd and Salvo Industries Pvt. Micropack Pvt. Ltd. and Astra Microwave. Products Ltd. brings the total number of contracts to 75.
These TTAs provide private companies with access to space technology developed by ISRO, enabling commercial use in industries such as space exploration, agriculture, energy, infrastructure and telecommunications. This initiative is an important step in increasing participation. of the private sector in the Indian space industry.
Dr. Bhawan Goenka, Chairman, IN-SPACE, emphasized the importance of the milestone. These agreements enable private enterprise to use cutting-edge space technology for commercial and social benefit. The move marks an important step in driving innovation and strengthening India’s growth position in the global space sector.
India’s space reforms are designed to promote private sector cooperation in the development of space technology. This led to advances in satellite communications. space launch services, etc. As the country continues to strengthen the space industry ecosystem.
