"Now, we are one of the leading states in aerospace and defence. 65 per cent of our capabilities in the country are from Bengaluru," he said
Company will use money to expand operations, research, and to train drone pilots
PM Modi to inaugurate expo in Bengaluru today; 809 companies, including 699 Indian, among exhibitors
Says 'Make in India neither isolationist nor meant for us alone'
In the past three months, the stock of Apollo Micro Systems has outperformed market as shares surged 75 per cent, as against 4.8 per cent rise in the S&P BSE Sensex.
According to Garuda Aerospace, the DGC Type Certification is provided on the basis of the quality check of the drones and is issued after a rigorous testing process for the unmanned aerial vehicles
Foreign procurement in defence rises to Rs 50,061 cr
Skyroot Aerospace, which successfully launched the country's first private rocket Vikram-S recently, plans to launch Vikram-1, a much bigger rocket to place satellites into orbit, within a year. The Hyderabad-based space startup also aims to slash costs of space travel in the future. "..now that we have done first private rocket launch, Vikram-S, our next plan is to launch Vikram-1 which is a much bigger rocket putting satellites into orbit. That we want to do within a year from now," Pawan Chandana, co-founder of Skyroot, told PTI here Monday evening. Skyroot also wants to become one of the first few companies in the world who can place satellites into orbit. He said the firm has raised about USD 68 million, which is the largest in the aerospace startup ecosystem in India. "Of course, it took close to four years to raise this kind of capital. Now, we are good for first few launches to orbit and then, of course, it has been very challenging because first time somebody went to the
Development follows Skyroot Aerospace's launch of Vikram-S rocket on a sub-orbital flight from Sriharikota on Nov 18
Funding to private players soars to $108.52 million compared to $67.2 million in 2021
Moreover, the trend to hire apprentices has seen a growth in Tier II and Tier III non- metro cities as well
Shares of Rossell India rallied 16 per cent to hit an all-time high of Rs 371.80 on the BSE amid heavy volumes
The launch of a sounding rocket by Skyroot marks the start of a surge in start-ups entering a sector that was opened up only in June 2020
Company behind privately developed rocket is looking for investors, says its co-founder
The company which launched India's first private rocket on November 18 is also planning to develop reusable rocket engines
The company has named the rocket Vikram-S as a tribute to the founder of India's space programme Dr Vikram Sarabhai
Senior executives meet industry leaders and civil aviation secretary after slow delivery of engines
The mission, named 'Prarambh', will be the first launch of a privately developed and operated launch vehicle from the country
Bharat Forge has been consolidating its defence and aerospace business under Kalyani Strategic Systems with an aim to target export opportunities in the defence sector
State targets 100,000 jobs in the sector as it seeks to be trillion-dollar economy by 2031