Funding will support advancements in satellite propulsion, precision timing systems and NavIC-enabled navigation technology
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected four Indian space companies for financial support totalling ₹67.15 crore under its Technology Adoption Fund (TAF).
The selected companies are Manastu Space, MumbaiSemi, Inspecity Space Laboratories and Bengaluru-based VyomIC. The funding will support the development of indigenous technologies across satellite propulsion, in-orbit servicing, precision timing and satellite navigation.
Manastu Space has been offered ₹22.08 crore to develop an iodine-based Hall Effect Thruster for small satellites, while Inspecity Space Laboratories will receive an offer of ₹21.18 crore to develop a refuellable propulsion system for microsatellites.
VyomIC has been offered ₹12.55 crore to develop highly stable clocks for space applications, supporting satellite navigation and timing requirements. MumbaiSemi has been offered ₹11.34 crore to develop an indigenous NavIC and GPS receiver system-on-chip, integrating radio frequency and digital components.
Dr Pawan Goenka, Chairman, IN-SPACe, said, “The two spacecraft propulsion technologies are selected with an objective that these products are being developed for the first time in India and they a high commercial potential. The development of high stable and precision clock and time generation and the development of indigenous SoC for GNSS including NavIC is going to significantly reduce the dependence of foreign chipsets. Through these technologies, India can build a more complete domestic space ecosystem, expand industry participation and create export opportunities for Indian companies.”
The latest selections take the number of companies supported under TAF to seven. The initiative aims to strengthen domestic space capabilities, accelerate technology adoption and support Indian companies in commercialising advanced space technologies.
