Indian startups set to collaborate with US defence agencies in groundbreaking space and defence initiative
Seven privately held Indian startups, including space imaging firm KaleidEO, rocket manufacturers EtherealX, and AI-driven company Shyam VNL, have been selected for the first-ever India-US space and defence collaboration programme. This initiative, launched in September 2024, connects Indian startups with US defence agencies and industry leaders, offering access to a $1.5 billion market in advanced defence and dual-use technologies, reported timesofindia.indiatimes.com.
-
Organised by Indian investor Indusbridge Ventures and US-based FedTech, this programme aims to accelerate private-sector partnerships between the two nations in strategic sectors
-
Participants will collaborate with entities such as the US Defense Innovation Unit, the Department of Defense, and major contractors like Northrop Grumman, Lockheed Martin, and RTX.
The Indo-US initiative links Indian startups with US defence agencies, unlocking opportunities in the global space and defence sector.
Rahul Devjani, Managing Partner at Indusbridge Ventures, highlighted the initiative’s importance, stating, “We look forward to providing resources, mentorship, and connections to propel these startups into the global defence market.” According to anonymous sources, this collaboration could generate annual revenues between $500 million and $1 billion for the Indian startups.
The programme follows a high-level meeting in New Delhi between Indian National Security Advisor Ajit Doval and his US counterpart Jake Sullivan, focusing on space technology and cooperation between India’s Innovations for Defence Excellence and the US Defense Innovation Unit.
***********************************************************
Readers
These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.
Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world. We have taken a small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.
Please help us to keep our journalism independent and free.
In these difficult times, running a news website requires finances. While every contribution, big or small, will make a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.
For more information: pravasisamwad00@gmail.com