Saturday, May 28, 2022

Slide Slide
Home Technology SpaceTech Framework launched by Telangana’s IT Minister Rama Rao

SpaceTech Framework launched by Telangana’s IT Minister Rama Rao

Establishing the state as a ”globally recognised one-stop destination” in the technology is the vision of the SpaceTech Framework

To support the participation of private industry in the space tech sector, the Telangana government on Monday launched its ‘SpaceTech Framework’.

Establishing the state as a ”globally recognised one-stop destination” in the technology is the vision of the SpaceTech Framework.

The event was held on Metaverse and the government said it was the country’s first ever official event hosted on the virtual-reality space. NITI Aayog CEO Amitabh Kant, ISRO Chairman S Somanath, Telangana IT Minister K T Rama Rao and others participated in the event.

Metaverse is a virtual-reality space in which users can interact with a computer-generated environment and other users.

Rama Rao, who launched the Framework, talking about the state government’s initiatives to promote emerging technologies and the progress made in those areas, said the government sees space technology as its next focus area.

He said that the space tech industry – both upstream segment such as satellites and downstream segment such as Applied AI/Analytics – is at an inflection point of accelerated growth.

With the national reforms supporting the increased participation of the private sector in space tech industry, Telangana shall be supporting the innovation that is bound to occur, the Minister said.

Several foreign private players, in the past, amazed the world with technological advancements, but it was known that a majority of them are supported by Indian scientists and engineers, he said.

“But now, it is time that the technology developed by Indians is built in the country and then exported globally! It’s time that we occupy a larger share of the space industry that is expected to grow to USD 558 billion by 2026”, Rama Rao said.

Owing to synergies with the existing aerospace and defence ecosystem and its global supply chain, Hyderabad is already uniquely positioned to become a hub for space related activities, he said.

“It is evident as Hyderabad based SMEs contributed over 30 per cent parts for ISRO’s highly acclaimed Mars Orbiter Mission. We also have some of the best start-ups in Hyderabad”, the minister said.

The state government, with the launch of the SpaceTech Framework and the initiatives to be undertaken under it, would further accelerate the ecosystem and realise its vision to establish Telangana as a globally recognised one-stop destination in space technology, he said.

On the occasion, he announced the launch of the government’s SpaceTech NFT (Non Fungible Token) collection. The proceeds from the NFT sales would be used to support a technology-enabled social impact project, he added.

Amitabh Kant appreciated the launch of the SpaceTech Framework. He spoke about the country’s potential in the area of space and other relevant issues.

Somanath assured support to the endeavour by thanking the Telangana government for launching the SpaceTech Framework.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics

khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

SBI Card appoints Vinod Kumar Gupta as VP – Head Cyber Security operations

Back in 2008, when he was the lead solution architect at Data Secure Solutions, he career started in cyber-security. In 2011, he joined MothersonSumi...

What strategy can technology leaders implement to protect the endpoints from being compromised even after cyber-criminals attack and try to steal company data?

Endpoint users must be trained and retrained to avoid installing freeware or pirated software and to detect any unusual activity This is an exclusive interview...

Delhivery granted a patent for its proprietary technology product, Addfix

The patent covers Delhivery’s innovation in address verification and location mapping - ‘System and method for validating geographic location accuracy for an address.'  India, May 27,...

Technology leaders must develop a genuine interest in the well-being of their customers, says Dr. Bharathy CSS, Founder | VR | AR | MR...

The pace of emerging technologies like AR and VR technology is extremely fast and leaders need to be nimble and adapt to these changes This...

Recent Comments