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Govt reforms, private partnerships behind Indian space industry growth in 2024: ISpA

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5 months ago

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New Delhi, Dec 24: Reforms made by the government coupled with private partnerships played a crucial role in the growth of India’s space industry in 2024, said the Indian Space Association (ISpA), noting that 2025 is poised to be a year of transformative developments.

Lt. Gen. AK Bhatt (Retd), Director General, ISpA stated that government reforms like the Foreign Direct Investment policy, the Rs 1,000 crore Venture Capitalist fund, and a thriving startup ecosystem, coupled with dynamic public-private collaborations propelled space sector growth.

“The Indian government’s continued focus on strategic policy reforms not only opens the door for significant private sector investment but also ensures that India stays at the forefront of global space innovation. With the continuous support from the government and the push for the public,” Bhatt said.

“The private space sector is witnessing a major growth in the startup ecosystem driven by favourable policy reforms like the liberal FDI policy announced this year,” he stated, adding that this will give the country “access to the latest tech advances and funds” both from Indian and global investors.

The FDI policy in the space sector was launched under the Indian Space Policy 2023 in March. It allows for 100 per cent FDI under the automatic route for satellite components and systems, up to 74 per cent for satellite manufacturing and operation, and 49 per cent for launch vehicles and spaceports.

In October, the Cabinet approved a Rs 1,000 crore VC Fund for the space sector, bolstering startups and private players.

It also approved Phase III of the Space-Based Surveillance (SBS-III) project, targeting the launch of 52 satellites to enhance surveillance. This involved the manufacturing of 31 satellites by the private sector, providing immense opportunities to the industry.

Further, the year also witnessed the laying of the foundation stone for India’s second spaceport in Kulasekharapattinam, Tamil Nadu.

Tata Advanced Systems and Satellogic launched India’s first private sub-metric high-resolution Earth Observation satellite in April.

In May, Agnikul Cosmos made history with the launch of “Agnibaan – SOrTeD,” the world’s first rocket powered by a fully 3D-printed, semi-cryogenic engine.

Funding for Indian space-tech startups reached $76.79 million in 2024, bringing total funding to $463.24 million to date. This includes Pixxel, GalaxEye, Dhruva Space, XDLink Labs, Piersight, and EtherialX.

Notably, this year, ISRO’s commercial arm, NSIL, invited private firms to apply for the end-to-end manufacturing of the Launch Vehicle Mark-III, used in Chandrayaan-2 and Chandrayaan-3.

IN-SPACe, under the Department of Space, also called for initial bids from domestic companies to design, build, and operate Earth Observation satellites. These initiatives mark the Centre’s push to become a key customer for India’s private space sector through a public-private partnership (PPP) model, transforming the space sector, Bhatt said.

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Maharashtra

Major Reshuffle in Mumbai Police: Multiple DCPs Transferred

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11 hours ago

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May 30, 2025

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Mumbai, May 30, 2025: In a significant administrative move, the Mumbai Police Establishment Board has ordered the transfer of several Deputy Commissioners of Police (DCPs), following a meeting held on April 30, 2025. The reshuffle aims to enhance operational efficiency and streamline law enforcement across the city.

Part A: Internal Transfers within Mumbai Police

  1. Krishna Kant Upadhyay, previously in charge of Headquarters-1, has been transferred to serve as DCP, Zone 3.
  2. Dattakishan Salgar, who was with the Prohibition and Narcotics Branch, will now head Zone 10.
  3. Mahesh Bhanushali Chimte, earlier in charge of Protection, has been posted to Zone 11.
  4. Narayana Dakhale, who was posted in Zone 6, will now lead the Special Crime Branch.
  5. Vijaykant Namdev Samar, transferred from Zone 7, has been appointed as Port Police DCP.
  6. Prashant Ashokdas Pardeshi, previously responsible for Mantralaya Security, has been posted to Traffic (South).
  7. Ninit Gokhale will now serve in the Special Force Unit (Anti-Naxal Operation).
  8. Vikas Kavade, from Zone 9, has been transferred to Special Branch-2.
  9. Purushottam Ramrao Kale, formerly with Crime Branch-1, is now posted to the Andheri Crime Branch.
  10. Salim Bh. Gulate, previously in Zone 10, will now serve as DCP (Crime Branch, General).

Part B: Transfers from Outside Mumbai to Mumbai

  1. Sameer Arshad Shaikh, Police Officer from Satara (transferred on 23/04/2025), has been posted as DCP, Zone 6.
  2. Rakesh Aol, Police Officer from Akola (transferred on 26/04/2025), has been posted as DCP, Zone 7.
  3. Raj Tilak Roshan, Assistant Commissioner of Police (Law & Order), Maharashtra State, Mumbai (transferred on 27/04/2025), has been posted to the Disclosure Department.

All newly appointed officers have been instructed to take charge immediately and confirm their joining with the Senior Administration Office (PS-3). This major reshuffle is expected to bring fresh leadership to crucial zones and departments within Mumbai Police and is seen as a step toward strengthening the city’s law and order mechanisms.

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Maharashtra

Mumbai Police DCP Internal Transfer Dutta Nalawde Zone 10 and Aslam Shaikh Zone 6 appointed

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12 hours ago

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May 30, 2025

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Mumbai: Internal transfers have been made in Mumbai Police, under which Krishna Kant Upadhyay has been transferred to Zone 3, he was earlier in Police Headquarters 1. DCP Detection Datta Nalawade has been transferred to Zone 10 and Sachin Ganjal has been transferred to Preventive. Mahesh Chamte has been transferred from Protection to Zone 12, Zone 6 Nunath Dhule to Anti-Narcotics Cell, Zone 7 Vijay Kant Sagar to Sea Protection Port Zone, Prasant Pardesi Mantralaya to Traffic South, Nimit Goel from LA to STF EOW, Zone 3 Dattatre Kamble SB 1, Parshottam Karad Cyber ​​Crime, Aslam Sheikh has been transferred to Zone 6. Rakesh Ola has been transferred to Zone 7, Raj Tilak Roshan to Detection Crime Branch, DCPs.

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Maharashtra

Two Arrested in Malvani for Printing Fake Indian Currency Notes

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13 hours ago

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May 30, 2025

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Date: 30th May 2025 Location: Malvani, Mumbai

In a major breakthrough, Malvani Police from Zone XI have arrested two individuals involved in the printing and circulation of counterfeit Indian currency notes. The accused were apprehended from the Malvani area of Malad (West), Mumbai, following a tip-off received by Senior Police Inspector Dr. Deepak Hinge.

Acting swiftly on the intelligence, the police raided a rented room near Sai Baba Mandir in Malvani’s Gate No. 8 on 29th May 2025 around 10:30 PM. The operation was led by a special team comprising Crime Detection Unit officers and beat marshals from Malvani Police Station.

During the raid, the police seized a total of 1,000 fake notes in ₹500 denomination, amounting to a face value of ₹5,00,000. In addition, they confiscated tools used in the counterfeiting operation, including a laptop, printer, cutter, ink, and blank note paper. Police estimate the material could have been used to print up to ₹23,30,000 in fake currency.

The arrested individuals have been identified as:

  1. Sampat Saamarya Ujjanpalli (Age 46), originally from Gadchiroli district, Maharashtra.
  2. Hasimoddin Gafur Sheikh (Age 30), resident of Ghansawangi, Jalna district, Maharashtra.

Both individuals have been booked under IPC Sections 489A, 489C, 489D, 34, and other relevant provisions for counterfeiting currency and are currently in police custody.

Senior officials from the Anti-Terrorism Squad (ATS), including senior police inspectors and crime detection teams, played a crucial role in guiding the investigation.

Malvani Police are continuing further investigations to trace other individuals possibly involved in this fake currency network and to understand if there are any links to organized crime syndicates.

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