The Central government’s announcement on creating a level playing field for the private sector in the space sector is an excellent step towards increasing the nation’s influence in the global space industry, said Kris Nair, CEO of space technology startup Kawa Space.
Companies like Kawa Space, that are focused on building critical infrastructure for space will benefit immensely by the announcements made by the Finance Minister Nirmala Sitharaman on Saturday.
“Space is hard. The relaxed norms help companies like ours to collaborate across boundaries in creating the next generation space systems — from India, for the world,” he said. Paytm founder Vijay Shekhar Sharma invested in Kawa Space in Pre-series A funding, earlier.
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As India becomes more and more self-reliant in the dual use of space, young startups like Kawa Space now have an opportunity to collaborate with the nation, and build products and services to help the nation, especially in the advancement of science and space.
Most of the space startups in India are collaborating closely with the civilian space agency and other organisations within the government to help
