The Indian space Research Organisation 's ( ISRO ) growing ambitions for space travel are triggering a new generation of tech start - ups in the country . Following the government agency 's Chandrayaan 2 lunar mission launch on 15 July , the agency intends to create a commercial unit to provide technology to the private sector with the aim of putting start - ups at the heart of the space industry ecosystem in the future . With India currently accounting for just 2 % of the $ 350bn global space market , IS ##RO plans to enter China , where military and civilian cooperation is being promoted by President Xi Jinping .
The Indian Space Research Organisation's (ISRO) growing ambitions for space travel are triggering a new generation of tech start-ups in the country. Following the government agency's Chandrayaan 2 moon mission launch on 15 July, the ISRO intends to create a commercial unit to transfer technology to the private sector with the aim of putting start-ups at the heart of the space industry ecosystem in the future. With India currently accounting for just 2% of the $350bn global space market, New Delhi plans to mimic China, where military and civilian cooperation is being promoted by President Xi Jinping.