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Centre awards space startup Manastu Rs 116 crore to boost green propulsion tech
Sentiment: NeutralHigh Priority
What Happened?
The Indian government has allocated Rs 116 crore to Manastu Space to enhance its green propulsion technology for satellites and launch vehicles. This funding aims to strengthen India's domestic space capabilities.
Key points
- The project has a total cost of Rs 277.63 crore.
- Funding is provided through optionally convertible debt.
- Manastu Space is developing a propulsion system using hydrogen peroxide-based green propellant.
- The technology aims to advance from Technology Readiness Level (TRL) 6 to TRL 9.
- The initiative seeks to reduce reliance on foreign technologies in the space sector.
Key insights
- Strengthening indigenous propulsion technologies may lead to more sustainable space missions.
- The project could enhance India's position in the global space supply chain.
- Successful development may encourage further investments in India's private space sector.
Why it matters
This funding could enhance India's capabilities in space technology and reduce dependence on foreign systems.
Tags
Entities
Manastu Space· CompanyIndia· CountryTechnology Development Board· OrganizationDepartment of Science and Technology· Organization
Source
India Today
