OrbitX India Aerospace, a State-based startup, is gearing up to test-launch its ’ATAL’ series of rockets to send satellites into space by the end of 2021.
The aerospace company is betting big on the proposed Space Activities Bill-2017 which has been discussed at the Cabinet-level.
Now it can enable and regulate the activities related to space by the private players.
Know about Scientific Committee members of OrbitX
Scientific Committee members of OrbitX India Aerospace DRDO Former Scientist Dr. Rajkumar, Dr. Shivani Johri, Dr. Surendra Choudhary, Dr. Vijender Singh, Dr. Pankaj Meel, and Youngest Scientist Ravi Singh are in the process of Space technology research and space exploration.
OrbitX has completed the First and Second level stage design of the propulsion system of ATAL-1.
Early-stage funding is being done by some investors.
Referring to market reports, the space vehicle launch market is expected to see exponential growth in the future with over 7,000 satellites anticipated to be launched in the next ten years.
“We will be one of the Rajasthan’s first private launch vehicle (rocket)-makers. There is an upsurge in launching small satellites globally. The current capacity of launch vehicle capacity is not sufficient to meet the demand as, in the next 10 years, around 7,000 small satellites (less than 1,000 kg) are to be launched.
We have been following international market trends.
There is a need for multiple launch providers around the world. There are other private launch vehicle developers in other countries.
India has a good ecosystem in terms of satellite- launching and we want to leverage the ecosystem.
Refusing to divulge the investments, the promoters said another round of funding would be looked into and discussion with potential investors was on.
Today, space technology and applications are used as enabling tools for national development and governance. Hence, it was considered that introduction of a space-specific legal regime should only enable further growth of space activities in India rather than merely a regulatory or restrictive regime.
The country needs to facilitate private sector participation in space activities and authorization and supervision by the government say the draft Space Activities, Bill.