Trends: Space Technology - An Overview of India Space Tech with Narayan Prasad, COO - satsearch

Support The Indian Dream Project by contributing here.

Hey everyone! Welcome to another episode of The Indian Dream. This is where we explore markets and ideas that are set to explode in the next 3-5 years.

This week, we did a deep diver into the word of Space Technology.

Before we talk about the episode, let me give you a high level understanding of Space Tech.  For years, the various government organizations have been sending satellites in space for various use cases ranging from Communication, Navigation, Television and Remote Imaging & Sensing. Organizations like NASA and ISRO have been doing this work. Over the last few years, private players have entered and new use cases have emerged.  We've written a detailed newsletter about the landscape of Space Tech in India, the current players and the opportunities. Link to the newsletter is in the show notes.

In this week's episode, we talk to Narayan Prasad, co-founder & COO of satsearch.  satsearch is a global marketplace for Space Products & Services. Narayan also runs his own space podcast and community called New Space India.

Space Technology has been dominated in India by ISRO, the Indian Space Research Organisation, since its founding in the early 70's. During these past 50 years, ISRO subcontracted all manufacturing to Indian companies but all intellectual property rested with ISRO or the Department of Space. Also, there was no clear legal framework for space companies to be built in India. As a result, the private Indian Space technology industry in India languished and is barely 1-3% of the Global Space industry.

However, all of this started changing over the past few years. A private marketing arm of ISRO called New Space India Limited was set up in 2019 and IN-SPACe was set up in 2020 as the regulator for the Space Industry. The stage has been set for the explosion of the private space industry in India.

This conversation with Narayan is a primer on the space industry and the entire value chain along with the opportunities in this space. Narayan is passionate about the Space industry and you can really hear it in this conversation.

Lastly, Sahil and I have been producing these podcasts ourselves for the past 10 months and this should be episode number 80. Right from ideation, guest sourcing, editing - we do everything ourselves and it takes up a lot of time. We'd like to hire some more interns and outsource editing so that we can get you better ideas, trends & business opportunities. Here's the razorpay link to support us. We're going to put all the money back into The Indian Dream and try and get you more high quality content.  

Oh, and if you're a young person looking for an internship - we're hiring! Send us an email - we're hiring for research and content distribution at the moment.

Email us at: theindiandream20@gmail.com