Can India be the next space startup haven, or will China beat us to it?
8 Dec 2018 11:43 PM GMT
There have been over 80 space startups in China since 2014, while India has a mere handful. Experts weigh in.
- If you are just comparing the number of space start-ups in India vs China, then China is already way ahead.
- Initiatives such as the starting of a space park  by Kerala government with the support of ISRO to attract global space companies can actually be game changers.
- The country which takes steps to make business entrepreneur friendly, provides incentives to build local and sell global and removes entry barriers for new space startups will eventually have the most number of new space companies.
- India declared space as a key part of the Make in India initiative and China threw open its government-run space programme to private sector participation.
- The forecast for potential scaling opportunities for the private sector may be greater in China at the moment due to the integration of space as a key state-run initiative such as the Belt and Road Initiative or its military forces.
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