India’s 1st pvt sector rocket facility in unveiled Hyderabad

Hyderabad-based spacetech startup Skyroot Aerospace is preparing to launch its first orbital space launch vehicle, Vikram-1, in early 2024. The rocket, made entirely of carbon fibre with 3D-printed liquid engines, has a payload capacity of around 300 kg and can place satellites in lower earth orbit. Skyroot aims to provide affordable and reliable launch solutions for satellite constellations. The company has raised INR 526 crore in funding and has inaugurated India's largest private integrated rocket development facility. The Indian space sector is projected to reach $40 billion by 2040.