Department of Space and IIT Madras-based space-tech startup Agnikul Cosmos Private limited have inked an agreement under IN-SPACe (Indian National Space Promotion and Authorization Center) entity, that will help the startup to build its rocket by giving access to the Indian Space Research Organisation (ISRO) facilities and technical expertise.
Pursuant to the agreement, the space-tech startup will get access to necessary technical facilities and information of ISRO and will work with ISRO’s various centres in order to develop a launch vehicle.
Under the newly proposed IN-SPACe, Agnikul is the first company to sign a pact with the Department of Space (DoS).
“Isro’s support to start-ups at an early stage is a strong sense of encouragement for all of us who are looking to build space technology in India. The chairman of Isro mentioned in July 2020, right after the IN-SPACe announcement, that private players will be encouraged by Isro even before the official establishment of IN-SPACe, and we are seeing that it came true today. It is an unforgettable moment for all of us at Agnikul to be the first player in the country to be signing such an agreement,” said Srinath Ravichandran, CEO and co-founder of Agnikul Cosmos.
K Sivan, chairman of ISRO, remarked – “We encourage new players such as Agnikul to explore disruptive technologies and break away from the conventional methods of manufacturing launch vehicles.”
-AK
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.