India is one of the world’s top spacefaring nations. It is the first Asian country to reach Mars orbit, and the fourth on the planet to take a spacecraft to the moon, landing closer to the south pole, known for its cratered terrain, than anyone else has.
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But the private sector hasn’t had the same level of success, with Indian startups trailing their counterparts in China. Eager to turn that around ahead of national elections expected in April and May, Modi’s cabinet last week approved rules designed to encourage foreign investment in rocket and satellite manufacturing.
While the Indian Space Research Organisation (ISRO) is one of the top national space agencies in the world, the private sector was slow to develop because the government allowed only a few vendors and manufacturers to participate.
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