Govt's push for home-grown satellite constellation gets 30 aspirants

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Govt's push for home-grown satellite constellation gets 30 aspirants - Business Standard

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IIFCL Projects Ltd, an advisory arm under the Ministry of Finance, is overseeing the bidding process.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.

The government plans to loan up to 3.5 billion to the winner, with private companies expected to cover the remaining costs, according to a source familiar with the matter.

The applicants for IN-SPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.