Creating space for private spacetech

Global venture capital has identified spacetech as a super growth sector. India, China and Japan will play a significant role to drive the transformation in Asia

Premium

Pranjal Sharma

4 min read Last Updated : Jun 26 2020 | 2:28 AM IST

Space has always been the final frontier. Related developments in India and China indicate that the next tussle for power in space is well underway.

China launched the last satellite of its BeiDou Satellite Network. With 35 satellites, BeiDou is a $10-billion project that will allow China to end its reliance on US-based GPS. Global Navigational Satellite Systems (GNSS) have been dominated by the US (which uses the globally popular GPS), Russia (GLONASS), EU (Galileo) and Japan (QZSS).

Each country that wants to be a power to reckon with must develop strengths in space and technology. The control over space

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : artifical intelligence Space startup PM Narendra Modi start- ups

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in