&w=3840&q=100)
Inbound Aerospace raises $1 mn to build reusable re-entry spacecraft
Founded in 2025 by Aravind I B, Vishal Reddy, and Abhijit Bhutey, the company is developing autonomous and reusable re-entry vehicles designed to support in-orbit experiments, microgravity manufacturing, and commercial space research.
The fresh capital will be used to accelerate the R&D of its re-entry spacecraft, validate key sub-systems, and achieve critical design review milestones. Inbound's technology is uniquely positioned to address a growing gap in microgravity infrastructure as the International Space Station (ISS) nears decommissioning in 2030.
'Microgravity environments are extremely hard to recreate on Earth. Our spacecraft is designed to enable cost-effective, repeatable, and safe return of payloads conducting in-orbit experiments and manufacturing — a capability that's critical to unlocking the next wave of growth in the space economy,' said Aravind I B, co-founder and chief executive officer, Inbound Aerospace.
'We believe re-entry vehicles will become foundational infrastructure for the microgravity economy. Inbound's deep-tech ambition spanning autonomy, material science, and systems engineering is bold and timely. We're backing this team because they are not just thinking of access to space, but access back from space, which is equally critical for a sustainable orbital economy,' said Vishesh Rajaram, managing partner, Speciale Invest.
This marks Speciale Invest's sixth investment in the space-tech sector, reinforcing its position as a leading early-stage investor in India's new-space movement. With the Government of India's Bio3E policy (2024) and the growing interest in space-enabled pharma, biotech, and material science research, Inbound's re-entry vehicles could become key enablers of in-orbit experimentation and commercial-scale manufacturing.
Initially pre-incubated at IITM Nirmaan, Inbound Aerospace is now formally housed at the IIT Madras Incubation Cell. The startup was the only Indian finalist at Japan's S-Booster 2025, a prestigious space-business idea competition hosted by the Cabinet Office of Japan. It aims to launch its first re-entry MVP mission by Q1 2028.
Inbound Aerospace is focused on providing a spacecraft platform that utilises the unique microgravity environment of space to manufacture revolutionary products that profoundly impact and improve lives on Earth.
'We take pride in assisting our customers in producing these innovative products in space and bringing them back to Earth, delivering life-transforming benefits. By harnessing the power of space, we aim to bring the advantages of the cosmos right to our planet. Our recoverable spacecraft platform enables customers to conduct in-orbit technology demonstrations and microgravity experiments, accelerating their product development timelines,' said a statement.
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The Hindu
11 minutes ago
- The Hindu
What does the new U.K.-India trade deal entail?
The story so far:India and the U.K. signed a Comprehensive Economic and Trade Agreement (CETA) on Thursday, after having announced the conclusion of negotiations on the deal in May this year. With negotiations starting in January 2022, the deal marks a more than three-year effort to enhance bilateral trade between the two countries. What has broadly been agreed to? Under the deal, the U.K. has removed tariffs on 99% of its product lines. However, not all of these product lines are exported by India to the U.K. According to an analysis by the Global Trade Research Initiative, about $6.5 billion or 45% of what India currently exports to the U.K. — such as textiles, footwear, carpets, automobiles, seafood, and fresh fruits such as grapes and mangoes — will now enter the U.K. duty-free. The remaining $8 billion worth of goods that India exports to the U.K. — petroleum, pharmaceuticals, diamonds, and aircraft components — already enjoy zero duty access. India has agreed to either eliminate or reduce duties on 90% of its tariff lines, which comprises about 92% of what the U.K. exports to us, according to data with the U.K. government. Alcohol from the U.K., especially whiskey, is set to become cheaper in India, as are British cars, and engineering products. The U.K. is a relatively small trading partner for India. About 3.3% of India's exports in 2024-25 went to the U.K., and the U.K. made up 1.2% of India's imports that year. Is the deal restricted to the goods trade? No, the CETA incorporates a significant section on services, which is especially of interest to India since services exports are a vital engine of growth. Under the 'economic' component of the deal, India has agreed to open up some key sectors of its service economy to U.K. firms, such as accounting, auditing, financial services, telecom, and environmental services. What this means is that U.K. companies operating in these sectors can offer their services to Indian customers without first having to establish a local presence here. Despite this, they will be treated at par with Indian firms. India has also agreed to recognise U.K. professional qualifications in law and accounting, but not in legal services. The U.K. has agreed to grant commercial presence rights to Indian companies in sectors such as computer services, consultancy, and environmental services. This means Indian companies operating in these sectors can set up branches, subsidiaries, or representative offices in the U.K. One major positive for India arises out of the Double Contribution Convention (DCC), which is a parallel agreement between the two countries that was negotiated simultaneously, and that will come into force when the CETA does. Under the DCC, the U.K. will allow 75,000 Indian workers on short U.K. assignments to continue paying into India's social security system without also having to pay the same in the U.K. This is highly beneficial for Indian workers in the U.K. since many of them work there for so short a stint that they do not get to avail of the benefits of social security there while having to contribute to it. Is the deal a standard one or does it include unusual aspects? While the broad contours of the deal are pretty standard, dealing with tariff and non-tariff barriers, there are some aspects that are unusual. The first is to do with auto tariffs. India has, for the first time, included cuts in its tariffs on imported cars in a trade deal. Large-engine luxury petrol cars imported into India from the U.K. will see their import duty cut to 10% over 15 years from the current maximum of 110%. However, this is subject to a quota starting at 10,000 units and rising to 19,000 in the fifth year of the deal. For mid-sized cars, the tariff has been cut to 50% subject to a quota, which will fall to 10% by year five. Small cars will enjoy a similar tariff reduction and growing quota. The idea behind the quota, according to government sources, is to allow the domestic industry enough time to prepare to compete with U.K. imports. Further, nascent industries such as electric vehicles have been further protected with no duty concessions being given for electric, hybrid, and hydrogen-powered vehicles for the first five years. The other unusual aspect of the deal is that U.K. firms will now be allowed to participate in Indian central government procurement bids. India will open about 40,000 high-value contracts from central ministries and departments in sectors such as transport, green energy, and infrastructure. So what next? The deal does not come into effect immediately. It needs to be ratified by the Cabinets of both countries, a process that could take as long as six months to a year. For India, the deal also serves as a template for future deals with other economies, such as the U.S. and the EU, both of which are in various stages of negotiation.


Time of India
an hour ago
- Time of India
India–UK FTA will benefit TN's youth, MSME, startups: PM
Tuticorin: The India–UK Free Trade Agreement (FTA) will benefit Tamil Nadu's youth, MSMEs, and startups, said Prime Minister Narendra Modi at Tuticorin airport, where he launched infrastructure projects worth more than than 4,800 crore across southern Tamil Nadu on Saturday. Among the major projects unveiled was the ₹450 crore airport terminal designed to handle 20 lakh passengers annually. "Following the FTA, 99% of Indian products sold in the UK will be tax-free, boosting Indian manufacturing and creating new opportunities. The agreement will serve as a catalyst for industries rooted in Tamil Nadu's traditional strengths, ranging from handlooms to seafood exports," he said addressing the gathering at the airport. Modi said Tamil Nadu is witnessing unprecedented development under the NDA regime. "Infrastructure and energy form the backbone of any state's development. Over the past eleven years, the sustained focus on these sectors reflects the priority accorded to Tamil Nadu's progress," he said. The PM said that ₹3 lakh crore was devolved to Tamil Nadu as central taxes over the past 11 years, nearly three times what was allotted under the previous UPA regime. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo The PM unveiled the four-laning of the 50km Sethiyathope–Cholapuram stretch on NH-36; the six-laning of the 5.16km NH-138 Tuticorin Port Road; and the commissioning of North Cargo Berth–III at V O Chidambaranar Port. He also flagged off three railway infrastructure upgrades — doubling of the Aralvaymozhi–Nagercoil and Tirunelveli–Melappalayam lines, and electrification of the Madurai–Bodinayakkanur line. He laid the foundation for a ₹550 crore 765 kV transmission corridor project to evacuate power from Kudankulam Nuclear Power Plant Units 3 and 4. "This new terminal building of the Tuticorin airport will become a game changer for commerce and connectivity in the southern part of Tamil Nadu in particular," Modi said. Modi said the global perception of India has shifted significantly. "Today, the world sees its own growth in India's growth," he said. Recalling India's success in Operation Sindoor, he said, "You all recently witnessed the power of Make in India during Operation Sindoor. Made-in-India weapons played a crucial role in reducing terror hideouts to rubble. Even today, arms manufactured in India continue to shake the sleep of those who shelter terrorism." He said the NDA govt prioritised the coastal economy, ensuring inclusive development. "Tamil Nadu's growth is a vital component of our vision for a Viksit Bharat," he said. Modi also invoked the memories of freedom fighters and poets including V O Chidambaranar, Veerapandiya Kattabomman, Alagumuthu Kone, and Subramania Bharati. Drawing attention to the region's ancient maritime legacy, Modi recalled gifting Tuticorin pearls to Bill Gates, who was "highly impressed by their quality." The Prime Minister arrived at Tuticorin airport around 7.45 pm and was received by governor R N Ravi, Union ministers L Murugan and Ram Mohan Naidu Kinjarapu, Tamil Nadu finance minister Thangam Thennarasu and industries minister TRB Rajaa. BJP state president Nainar Nagenthran, DMK MP Kanimozhi, AIADMK MLA Thalavai N Sundaram, were present. Modi was clad in a white kurta and a veshti, paired with a traditional angavastram. Thangam Thennarasu presented a replica of the iconic Valluvar Kottam to the Prime Minister as a memento. Thousands of people from across the region gathered for the event. The Prime Minister opened his speech in Tamil with a booming "Vanakkam," and spoke for nearly 40 minutes. In a symbolic moment at the end of his address, Modi invited the crowd to participate in a light tribute to the new terminal. "Open your mobile phones and turn on the flashlight. Wave it to illuminate the newly opened airport terminal," he said, as thousands of lights glowed across the venue. Modi then took a brief walkthrough of the airport terminal. The Prime Minister later arrived at Trichy international airport and proceeded to a private hotel in the city, where he will stay overnight. On Sunday morning, the Prime Minister is scheduled to take part in the Aadi Thiruvathirai celebrations marking the birth anniversary of Chola emperor Rajendra Chola I at Gangaikonda Cholapuram in Ariyalur district. An 8-km roadshow has also been planned in Trichy as part of the visit. Snippet The event also witnessed brief political sloganeering between cadres of the BJP and DMK near the airport premises. While BJP supporters chanted "Modi, Modi" and "Bharat Mata Ki Jai," DMK cadres responded with slogans such as "This is Periyar's land" and "Stalin, Stalin." Police personnel stationed at the venue quickly intervened and brought the situation under control before it escalated.


Indian Express
an hour ago
- Indian Express
India-Maldives reset: As PM Modi reiterates support, Muizzu calls India a crucial partner
Marking the reset in bilateral ties between India and the Maldives, Prime Minister Narendra Modi attended the Independence Day celebrations of the island nation as the guest of honour on Saturday. As Modi left for India in the evening, President Mohamad Muizzu said it was 'a defining visit that sets a clear path for the future of Maldives-India relations'. Earlier in the day, Modi was welcomed by Muizzu at the iconic Republic Square, the venue of the ceremony at the heart of the Maldivian capital. Modi sat next to Muizzu and watched the over 50-minute event marking the 60th anniversary of the independence of the Maldives, which included a military parade and colourful cultural performances by children and traditional artistes. 'This is the first time that an Indian Prime Minister is attending the Independence Day celebrations in Maldives. Prime Minister Modi is also the first foreign leader at the level of head of state or government to be hosted by President Muizzu,' the Prime Minister's Office said in a statement. Besides the top political and military brass of the Maldives, several members of the Prime Minister's delegation including External Affairs Minister S Jaishankar, National Security Advisor Ajit Doval and Foreign Secretary Vikram Misri also attended the event. As he left for India in the evening, after winding up his two-day state visit, Modi said in a post on X: 'The productive talks with President Muizzu will add significant energy to our bilateral relations.' 'India and the Maldives share a deep-rooted partnership built on mutual respect, shared values and a long history of cultural and economic exchanges,' Modi said in another post on X. 'Our relationship continues to grow, shaped by people-to-people ties and cooperation in various sectors. India remains committed to supporting the aspirations of the Maldivian people and to working together for the betterment of our planet,' he said. Speaking to reporters after the conclusion of the Independence Day celebrations, Muizzu said: 'India is one of the major countries that helps the Maldives with tourism. With PM Modi's visit, it is going to increase a lot. I am sure that this visit will boost people-to-people exchange between the two countries.' Asked about plans to visit India this year, Muizzu said: 'I hope so. I don't know whether this year or not, but maybe in the near future.' Emphasising India's role in the development journey of the island nation, he said: 'We all have seen how India has helped the Maldives in the past, and nobody will doubt how India will be a very crucial partner going forward'. At a state banquet held in honour of Modi on Friday night, Muizzu described the Indian Ocean as a living testament to long-standing ties between the Maldives and India, saying the two nations have forged a resilient and unbreakable bond that extends far beyond diplomacy. He expressed gratitude to the Indian government for its continued support and steadfast friendship. Muizzu said the 60 years of diplomatic relations between the two countries reflected the shared history and an enduring partnership. Muizzu noted that the relationship between the two countries extends far beyond formal diplomacy, with deep-rooted connections dating back centuries, according to a statement issued by the President's Office. He referred to the Indian Ocean as a living testament to these long-standing ties, emphasising that the shared journey of both nations, as traders and neighbours, has forged a resilient and unbreakable bond. He said the Maldivian Government is committed to building an inclusive and dynamic economy, empowering young people, and ensuring peace and security in the region. Muizzu acknowledged that India's partnership is instrumental in realising these ambitions. Reaffirming the Maldives' commitment to nurturing this special relationship, he expressed a wish for a flourishing Maldives-India partnership that brings lasting peace and prosperity to both nations. Modi's visit to the Maldives is seen as a major turnaround in bilateral ties after a spell of strain and tension. It assumes significance as Muizzu, known to be close to China, came to power in the island nation in November 2023 on the back of an 'India Out' campaign. Muizzu's policies in the first few months of his presidency resulted in severe strain in ties. Within hours of taking oath, he had demanded the withdrawal of Indian military personnel from his country. Arguably, New Delhi's sustained efforts, including its assistance to the island nation to deal with economic woes, helped bring the relations back on track. On Friday, Modi held wide-ranging talks with Muizzu and announced a Rs 4,850 crore line of credit to the island nation, saying that India is proud to be the 'most trusted' friend of the Maldives. India also announced the reduction of Maldives' annual debt repayment obligations by 40 per cent (from $51 million to $29 million) and the launch of talks on a Free Trade Agreement. Earlier on Saturday, Modi met several Maldivian leaders, including Vice President Uz Hussain Mohamed Latheef, Speaker of the Maldivian Parliament Abdul Raheem Abdulla and former President Mohamed Nasheed. 'PM Narendra Modi interacted with leaders of various political parties in Male today. He conveyed his warm wishes on the occasion of the Independence Day of Maldives. Both sides reaffirmed their commitment for a stronger India-Maldives relationship, building upon the vibrant people to people ties and the shared values between the two democracies. The Maldivian leaders thanked the PM for India's continued support on developmental assistance for the welfare of the Maldivian people,' the Ministry of External Affairs' spokesperson Randhir Jaiswal said in a post on X. The visit marks a defining reset in ties that had come under strain almost 20 months ago. Arguably, New Delhi's sustained efforts, including its assistance to the island nation to deal with economic hardship, helped bring the relations back on track. 'Had a meaningful meeting with members of different political parties of the Maldives. The participation of leaders across the political spectrum underscores the bipartisan support for the strong and time-tested India-Maldives friendship. Our shared values continue to guide this important partnership,' Modi said on X. On his meeting with Latheef, Modi said: 'Our discussions touched upon key pillars of the India-Maldives friendship. Our nations continue to work closely in sectors like infrastructure, technology, climate change, energy and more. This is greatly beneficial to our people. We look forward to deepening this partnership in the years to come. On his meeting with Abdulla, Modi said: 'Talked about the deep-rooted India-Maldives friendship, including the close relationship between our respective Parliaments'. He also welcomed the formation of the India-Maldives Parliamentary Friendship Group in the 20th Majlis. 'India remains committed to supporting capacity building in the Maldives,' Modi said. On his meeting with Nasheed, Modi said: 'He (Nasheed) has always been a strong advocate of a deeper India-Maldives friendship. Spoke about how the Maldives will always be a valued pillar of our 'Neighbourhood First' policy and Mahasagar vision.' Modi also interacted with the Indian community in the Maldives and appreciated their contributions in building upon the strong and vibrant people-to-people ties between the two countries. -With PTI inputs from Male Divya A reports on travel, tourism, culture and social issues - not necessarily in that order - for The Indian Express. She's been a journalist for over a decade now, working with Khaleej Times and The Times of India, before settling down at Express. Besides writing/ editing news reports, she indulges her pen to write short stories. As Sanskriti Prabha Dutt Fellow for Excellence in Journalism, she is researching on the lives of the children of sex workers in India. ... Read More