Latest news with #PiersightSpace
Hindustan Times
5 days ago
- Business
- Hindustan Times
Four firms to build India's first satellite constellation
A private consortium will build India's first indigenous commercial Earth Observation (EO) satellite network, a fillip for the domestic private space sector that is expected to slash the country's reliance on foreign players. Over the next five years, the consortium will invest more than ₹ 1,200 crore to launch the EO satellite constellation. (Getty Images via AFP/Representational photo) On Tuesday, the Indian National Space Promotion and Authorisation Centre (IN-SPACe), under the department of space, announced that Bengaluru space technology company PixxelSpace India, along with Piersight Space, Satsure Analytics India, and Dhruva Space will design, build, and operate 12 state-of-the-art EO satellites under a public-private partnership (EO-PPP) model. Over the next five years, the consortium will invest more than ₹1,200 crore to launch the EO satellite constellation, which will fit a raft of use-cases, from monitoring the climate crisis, aiding disaster management, to planning agriculture, infrastructure, marine surveillance, national security, and urban planning. In-SPACe, an interface between ISRO and non-governmental entities, said the EO constellation will be deployed in phases over the next four years to ensure continuous service upgrades and expanded coverage. 'Once operational, it will be among the most advanced EO systems in the world, designed, built, and operated entirely in India by Indian talent,' IN-SPACe said in a media statement. The development of indigenous EO satellites that will generate high-resolution, indigenous satellite data reduce India's reliance on foreign sources and ensure data sovereignty. IN-SPACe chairperson Pawan Goenka said, 'It demonstrates the capability and confidence of Indian companies to lead large-scale, technologically advanced, and commercially viable space missions that serve both national and global markets.' The Centre's target is to boost India's space economy from $8.4 billion in 2022 to $44 billion by 2033. Under the PPP framework, the Indian government will provide strategic, technical, and policy support, while the PixxelSpace India-led consortium will own and operate the EO system, including satellite manufacturing, launches from Indian soil, ground infrastructure, and commercialisation of data services, read the media statement. With advanced remote sensing techniques and a radar system (Synthetic Aperture Radar or SAR) that can map high-resolution images of the Earth's surface, the satellite network will deliver data that is analysed for precision agriculture, water quality monitoring, land-use mapping, environmental compliance, disaster assessment, and infrastructure development. IN-SPACe shortlisted three consortiums — Astra Microwave Products from Hyderabad (with Bharat Electronics Limited, Sisir Radar and Spectragaze Systems) GalaxEye Space from Bengaluru (with CoreEL) and PixxelSpace India from Bengaluru (with Piersight Space, Satsure Analytics India, and Dhruva Space). Pixxel CEO Awais Ahmed said, 'This win is a testament to India's vision for a vibrant space economy. From here, we aim to deliver insights from space that improve life on Earth for generations to come.' Piersight co-founder and CEO Gaurav Seth said SAR makes the constellation operational throughout the day, all-year-round in all weather conditions. 'Our role is to deliver radar-first, analysis-ready products with low latency, so agencies and enterprises get alerts and evidence, not just raw data,' he said.
Time of India
5 days ago
- Business
- Time of India
India's space regulator picks Google-backed PixxelSpace for home-grown satellite constellation
India's space regulator has picked a consortium led by Google-backed startup PixxelSpace to build a commercial home-grown constellation of earth observation satellites, with an investment of more than 12 billion rupees (nearly $137 million) over the next five years, it said on consortium, comprising local space tech firms Piersight Space, Satsure Analytics India and Dhruva Space, will design, build, and operate the satellites, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) PixxelSpace-led consortium won the project, outbidding Indian defence equipment makers Astra Microwave and Bharat Electronics. The Indian government wants to reduce its dependence on foreign systems, including the widely used U.S. Global Positioning System (GPS), and says its regional navigation satellite system, called NavIC (Navigation with Indian Constellation), provides more accurate domestic navigation and that its use would benefit the economy. This is in line with Prime Minister Narendra Modi's drive for self-reliance, which has also expanded the use of NavIC. India has also been pushing tech giants to make smartphones compatible with its home-grown navigation system within months, worrying the likes of Samsung, Xiaomi and Apple.
Business Recorder
5 days ago
- Business
- Business Recorder
India's space regulator picks Google-backed PixxelSpace for home-grown satellite constellation
India's space regulator has picked a consortium led by Google-backed startup PixxelSpace to build a commercial home-grown constellation of earth observation satellites, with an investment of more than 12 billion rupees (nearly $137 million) over the next five years, it said on Tuesday. The consortium, comprising local space tech firms Piersight Space, Satsure Analytics India and Dhruva Space, will design, build, and operate the satellites, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) said. The PixxelSpace-led consortium won the project, outbidding Indian defence equipment makers Astra Microwave and Bharat Electronics. The Indian government wants to reduce its dependence on foreign systems, including the widely used U.S. Global Positioning System (GPS), and says its regional navigation satellite system, called NavIC (Navigation with Indian Constellation), provides more accurate domestic navigation and that its use would benefit the economy. This is in line with Prime Minister Narendra Modi's drive for self-reliance, which has also expanded the use of NavIC. India has also been pushing tech giants to make smartphones compatible with its home-grown navigation system within months, worrying the likes of Samsung, Xiaomi and Apple.
Economic Times
5 days ago
- Business
- Economic Times
India's space regulator picks Google-backed PixxelSpace for home-grown satellite constellation
India's space regulator has awarded a ₹12 billion ($137 million) project to a consortium led by Google-backed startup PixxelSpace to build and operate a commercial home-grown constellation of earth observation satellites over the next five years. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's space regulator has picked a consortium led by Google-backed startup PixxelSpace to build a commercial home-grown constellation of earth observation satellites, with an investment of more than 12 billion rupees (nearly $137 million) over the next five years, it said on consortium, comprising local space tech firms Piersight Space, Satsure Analytics India and Dhruva Space, will design, build, and operate the satellites, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) PixxelSpace-led consortium won the project, outbidding Indian defence equipment makers Astra Microwave and Bharat Electronics The Indian government wants to reduce its dependence on foreign systems, including the widely used U.S. Global Positioning System (GPS), and says its regional navigation satellite system, called NavIC (Navigation with Indian Constellation), provides more accurate domestic navigation and that its use would benefit the is in line with Prime Minister Narendra Modi's drive for self-reliance, which has also expanded the use of has also been pushing tech giants to make smartphones compatible with its home-grown navigation system within months, worrying the likes of Samsung, Xiaomi and Apple.
Time of India
5 days ago
- Business
- Time of India
India's space regulator picks Google-backed PixxelSpace for home-grown satellite constellation
India's space regulator has picked a consortium led by Google-backed startup PixxelSpace to build a commercial home-grown constellation of earth observation satellites, with an investment of more than 12 billion rupees (nearly $137 million) over the next five years, it said on Tuesday. The consortium, comprising local space tech firms Piersight Space, Satsure Analytics India and Dhruva Space, will design, build, and operate the satellites, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) said. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The PixxelSpace-led consortium won the project, outbidding Indian defence equipment makers Astra Microwave and Bharat Electronics . The Indian government wants to reduce its dependence on foreign systems, including the widely used U.S. Global Positioning System (GPS), and says its regional navigation satellite system, called NavIC (Navigation with Indian Constellation), provides more accurate domestic navigation and that its use would benefit the economy. This is in line with Prime Minister Narendra Modi's drive for self-reliance, which has also expanded the use of NavIC. Live Events India has also been pushing tech giants to make smartphones compatible with its home-grown navigation system within months, worrying the likes of Samsung, Xiaomi and Apple.
