Prime Minister Narendra Modi inaugurated Skyroot Aerospace’s new Infinity campus in Hyderabad. He also unveiled Vikram-I, India’s first commercial orbital rocket. This marks a significant step for India’s private space sector. Skyroot aims to launch Vikram-I within two months. The company is creating high-tech jobs and plans further investment. India is becoming a global leader in satellite launches. PM Modi inaugurates Skyroot Aerospace’s Infinity campus in Hyderabad via video-conferencing HYDERABAD/NEW DELHI: PM Narendra Modi on Thursday virtually inaugurated Hyderabad-based spacetech startup Skyroot Aerospace’s Infinity campus and unveiled India’s first commercial orbital rocket, Vikram-I, which will launch satellites into low Earth orbit (LEO).Emphasising that India is on track to emerge as a global leader in the satellite launch ecosystem, Modi said, “The private sector is making giant strides in India’s space sector. Skyroot’s Infinity campus is a reflection of new thinking, innovation and most importantly, youth power. Our youth’s innovation, risk-taking ability and entrepreneurship are touching new heights.”Extending his best wishes to Skyroot CEO Pawan Kumar Chandana and company co-founder Naga Bharath Daka, the PM said the two entrepreneurs are an inspiration for young people. “Growth of the private space sector, spearheaded by companies like Skyroot, is also a testament to the govt’s efforts to foster innovation and private enterprise in the space domain,” he said.The Infinity facility, spread over 2 lakh sq ft in Hyderabad, will have the capability to design, develop, integrate and test multiple launch vehicles, with a capacity to build one orbital rocket every month. It adds to Skyroot’s 55,000-sq-ft integrated rocket design and development facility — Max-Q — near Hyderabad airport.Pointing out that though India’s space journey began with limited resources, its ambitions were never limited, Modi said: “India has proven that the height of dreams is determined not by resources but by resolve. Today, India possesses space sector capabilities that only a few countries in the world have.”He also praised Isro, saying it “has for decades given new wings to India’s space journey.” Modi also recalled the reforms undertaken in the space sector, with his govt opening up the sector to private innovation and preparing a new Space Policy.Modi highlighted that more than 300 space startups are today powering India’s space aspirations, with most of them starting out with small teams. “Gen-Z engineers, designers, coders and scientists are creating new technologies, whether in propulsion systems, composite materials, rocket stages or satellite platforms.”Space promoter and regulator IN-SPACe chairman Dr Pawan Goenka said that in just five years since the space sector was opened up, over 350 space startups have emerged. “The Infinity campus and Vikram-1 are testaments to what can be achieved when entrepreneurial ambition meets enabling policy. We are building more than rockets. We are building a competitive space economy,” he said.Skyroot co-founder Pawan Chandana said the company was ready to launch Vikram-1, fully designed and built in India, in the next two months. Pointing out that decisive space reforms had unlocked the skies for startups to fly, co-founder Naga Bharath Daka said Skyroot has already generated over 1,000 hi-tech jobs and will be investing around Rs 1,000 crore soon to become one of the few companies worldwide to achieve rapid and on-demand launch capabilities.Set up in 2018 by the two IIT alumni and former Isro scientists, Skyroot became the first Indian company to successfully build and launch a rocket into space with suborbital rocket Vikram-S.About the AuthorSwati BharadwajSwati Bharadwaj is a business journalist with 30 years of experience covering a host of sectors – right from technology, GCCs, talent, cybersecurity, pharma & biotech, aerospace & defence, BFSI, gems & jewellery to automotive, hospitality, infrastructure, retail, among others. She has worked with TOI and ET across multiple cities such as Hyderabad, Bengaluru, Pune and Ahmedabad.Read MoreEnd of ArticleFollow Us On Social MediaVideosIndia Is a Key Ally, Cyprus Assures Strong Push to Finalise India–EU FTA TalksImran Khan Health Rumour: PTI Holds Sit In Outside Adiala Jail, KP CM Sohail Afridi Stages ProtestRam Madhav Challenges ‘No-Religion’ Narrative in White Collar Terror DebateAustralia Says India Is Now A Leading Global Power, Credits PM Modi For Transforming World DynamicsOusted PM Sheikh Hasina Faces Fresh Conviction as Court Awards 21-Year TermPM Modi Announces Major Move Allowing Private Players Into Nuclear Sector To Spur Advanced ReactorsExplained: Why Vikram-I Could Transform India’s Satellite Launch Market And Global Space Leadership‘Pak, Bangladesh, US…’: BJP Alleges Congress Using Foreign ‘X’ Accounts to Set India’s NarrativePakistan’s Adiala Jail Issues Statement On Imran Khan’s Health Amid Viral Death RumoursThe Indrajaal Ranger: India Unveils AI-Enabled Anti-Drone Patrol Vehicle In Hyderabad123Photostories‘Stranger Things’ cast: Educational qualificationsTaarak Mehta Ka Ooltah Chashmah: From Dilip Joshi being older than Amit Bhatt to Mandar Chandwadkar leaving his Dubai job for acting; Lesser-known facts about the castGastroenterologist doctor reveals the power of eating 3 eggs everyday5 must-visit national parks in the USA that are also UNESCO World Heritage Sites5 things to do during Brahma Muhurta for 21 days to transform your lifeThe hidden skill of Metacognition: What is it and how it makes the brain work smarterFrom Jonathan to Alagba: 5 tortoises across the world with exceptionally long lifespansMillie Bobby Brown’s promotional looks for ‘Stranger Things 5’Despite 180 flops and 47 disasters, THIS actor became a cult icon in Russia — His name will surprise youStressed at work? Doctor explains you could be closer to diabetes than you think123Hot PicksDelhi AQI TodayNew Labour CodeWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingDeion SandersAyesha CurryTaylor SwiftMarqury CollinsStefon DiggsSaudi Prince Mohammed Bin SalmanCharlie McAvoyWPL Auction Who Got WhomSteveWillDoIt ControversyCandace Owens
HYDERABAD/NEW DELHI: PM Narendra Modi on Thursday virtually inaugurated Hyderabad-based spacetech startup Skyroot Aerospace’s Infinity campus and unveiled India’s first commercial orbital rocket, Vikram-I, which will launch satellites into low Earth orbit (LEO).Emphasising that India is on track to emerge as a global leader in the satellite launch ecosystem, Modi said, “The private sector is making giant strides in India’s space sector. Skyroot’s Infinity campus is a reflection of new thinking, innovation and most importantly, youth power. Our youth’s innovation, risk-taking ability and entrepreneurship are touching new heights.”Extending his best wishes to Skyroot CEO Pawan Kumar Chandana and company co-founder Naga Bharath Daka, the PM said the two entrepreneurs are an inspiration for young people. “Growth of the private space sector, spearheaded by companies like Skyroot, is also a testament to the govt’s efforts to foster innovation and private enterprise in the space domain,” he said.The Infinity facility, spread over 2 lakh sq ft in Hyderabad, will have the capability to design, develop, integrate and test multiple launch vehicles, with a capacity to build one orbital rocket every month. It adds to Skyroot’s 55,000-sq-ft integrated rocket design and development facility — Max-Q — near Hyderabad airport.Pointing out that though India’s space journey began with limited resources, its ambitions were never limited, Modi said: “India has proven that the height of dreams is determined not by resources but by resolve. Today, India possesses space sector capabilities that only a few countries in the world have.”He also praised Isro, saying it “has for decades given new wings to India’s space journey.” Modi also recalled the reforms undertaken in the space sector, with his govt opening up the sector to private innovation and preparing a new Space Policy.Modi highlighted that more than 300 space startups are today powering India’s space aspirations, with most of them starting out with small teams. “Gen-Z engineers, designers, coders and scientists are creating new technologies, whether in propulsion systems, composite materials, rocket stages or satellite platforms.”Space promoter and regulator IN-SPACe chairman Dr Pawan Goenka said that in just five years since the space sector was opened up, over 350 space startups have emerged. “The Infinity campus and Vikram-1 are testaments to what can be achieved when entrepreneurial ambition meets enabling policy. We are building more than rockets. We are building a competitive space economy,” he said.Skyroot co-founder Pawan Chandana said the company was ready to launch Vikram-1, fully designed and built in India, in the next two months. Pointing out that decisive space reforms had unlocked the skies for startups to fly, co-founder Naga Bharath Daka said Skyroot has already generated over 1,000 hi-tech jobs and will be investing around Rs 1,000 crore soon to become one of the few companies worldwide to achieve rapid and on-demand launch capabilities.Set up in 2018 by the two IIT alumni and former Isro scientists, Skyroot became the first Indian company to successfully build and launch a rocket into space with suborbital rocket Vikram-S.
