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Elon Musk’s Visit To India - What it means for Indian Space Tech Industry

Updated: Apr 22

Update: Tesla chief Elon Musk said that he has postponed his planned trip to India due to "very heavy Tesla obligations", a day before his visit was expected to begin. He however confirmed that he looks forward to visiting India later this year.

Elon Musk, the CEO of SpaceX & Tesla is set to visit India for the first time on April 22 and is likely to meet Prime Minister Mr. Narendra Modi.

Elon Musk and Narendra Modi set to meet in India

On his visit to India, the Tesla chief executive said, “Looking forward to meeting with Prime Minister Narendra Modi in India.According to Hindustan Times, Elon Musk will reportedly arrive in India on April 21 and meet PM Modi on April 22 following which a press release and a video after the interaction can be expected.

Indian space tech startups like Skyroot, Aerospace, Piersight, Digantara and Dhruva Space have been invited by the government for a discussion with Musk in New Delhi.

In India, the rocket launch market is currently dominated by the Indian Space Research Organisation (ISRO), also known for offering cost-effective and highly efficient launches.

The number of Space Start-Ups has gone up, from just 1 in 2014 to 189 in 2023 as per DPIIT Start-Up India Portal. The Indian space tech market is projected to reach a valuation of $44 Billion by 2033 from a current $8.4 Billion valuation.

With Musk’s SpaceX likely entering the market, it can further help industry grow and give the Indian space tech companies a platform and opportunities to collaborate with the global space tech ecosystem.

As per Moneycontrol, the upcoming meeting gains significance as SpaceX's Starlink, a satellite communication internet service, eyes an entry into the Indian market. It was previously reported that the Indian government has expedited the process of allocating the necessary licences to Starlink.

The Indian space sector has witnessed policy reforms with the release of the Indian Space Policy in 2023. These policy changes have acted as catalysts for the large wave of entrepreneurial activities in the country.

With the entry of Starlink and Space X in the Indian market, the space tech and rocket launch market will witness a boost in healthy competition within the sector.


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