Page 9 - Spec Tech Vol 1 Issue 04
P. 9

report that at least half a dozen of these            investors to invest 100 million clocks in
         suppliers over the last  two or three                 Indian companies through FDI? So this
         years have been able to plug                          is one of the areas that I think, with

         themselves into the international                     respect to, if we have cooperation with
         demand ecosystem and their                            the foreign investors that we can work
         components that are made here in                      on, we've also seen, actually, a couple
         India, designed here in India, flying on              of new space companies acquire an

         various missions in the US. In Europe                 American and other national
         and in Asia and other places.                         companies.

         One of the things that, again, was very                   About the Speaker
         interesting to explore is there is a lot of

         offshoring that comes to India in It
         services, in Biotech and other places.
         So, one thing that we did not see a lot

         being exposed to it in India is really how
         do you bring offshore in India in space.
         So, we've now helped a couple of
         companies, which are primarily based

         in the US. To open up their offshoring
         centers here in India and basically use
         the talent in software services in space

         to expand their manpowered gear and
         then look at India as a hub for space
         services based offshore autos that are                      Narayan Prasad is a cofounder at
         out here.                                                   satsearch, a global marketplace for
                                                                     space supported and incubated by
         in my experience of having dealt with a                     the European Space Agency. He is
         lot of the new space companies here,                        also an Associate Research Fellow
         we have successfully already raised in                      at the European Space Policy
         new space companies over $300 million                       Institute where he is leading a study

         in funding over the last five years or so.                  on Europe – India cooperation in
         We've created about 3000 jobs as an                         space. An awardee of Emerging
                                                                     Space Leaders by the International
         ecosystem in India that are new outside                     Astronautical Federation, he has
         of all the traditional developments. And                    been supported by the German

         there is a massive potential to raise                       Academic Exchange Service to
         more capital. Because one of the                            pursue doctoral research at the
         problems that we see is India doesn't                       intersection of space industry and
         have investors that have an appetite to                     supply chain management.
                                                                     Narayan is supporting the
         do investment beyond the $10 billion                        development of a NewSpace
         range. So in SpaceX, and it's pretty                        industry ecosystem in India by
         high risk. And one of the challenges that                   working with startups

         we are trying to solve is how do you get


         Space Explorer 2022                                                                                                                                                    9
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