Hyderabad: The Telangana government launched its SpaceTech framework on Monday, with a vision to make the state a globally recognized one-stop destination for space technology. The framework aims to encourage private participation in the space industry in line with recent Union Government reforms.
Taking this on Twitter, the Telangana Minister of IT, Industries, MA & UD wrote, “Minister KTR officially launched Telangana Government SpaceTech Framework to support private industry participation in the SpaceTech sector.”
— Minister of IT, Industries, MA&UD, Telangana (@MinisterKTR) April 18, 2022
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Noting that space technology is the next focus area of the state, KT Rama Rao, Minister of IT, Industries and MA&UD of Telangana, said that with national reforms supporting increased private sector participation in the space technology industry, Telangana “will support the innovation that is sure to happen”.
“In the past, we have seen several foreign private players amaze the world with technological advancements, but we know that the majority of them are backed by brilliant scientists and engineers from India. But now, it is time for the technology developed by Indians to be brought in. It is time for us to take a bigger share of the space industry which is expected to reach $558 billion by 2026,” the minister said.
The event was hosted on the metaverse, making it the first official event of its kind in India.
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A space-themed metaverse environment was custom-developed with custom avatars of key dignitaries for the launch event. Attendees joined the event using standard avatars on the platform and interacted with nearby attendees while simultaneously observing the unfolding of the event, similar to a physical event.
Amitabh Kant, CEO, NITI Aayog, Somanath S, Chairman, ISRO, and Dr. Pawan Goenka, Chairman, IN-SPACe participated in the event.
An NFT collection was launched at the end of the event, with proceeds from its sale going to support one of the state government’s tech social impact projects.
(With IANS entries)