Page 9 - Spec Tech Vol 1 Issue 04
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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
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