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MSMEs Shooting for the Stars in India's Space Sector

The article from MSN discusses the burgeoning role of Micro, Small, and Medium Enterprises (MSMEs) in India's space sector, highlighting their significant contributions to the industry's growth. It notes that with India's space sector opening up to private players, MSMEs are increasingly engaging in manufacturing components for satellites, rockets, and other space technologies. The article mentions the success of initiatives like the Indian Space Research Organisation's (ISRO) collaboration with private companies, which has spurred innovation and reduced costs. Furthermore, it points out the government's push through policies like the Space Policy 2023, which encourages private sector participation, thereby fostering an environment where MSMEs can thrive. The piece also covers the challenges these small businesses face, such as funding, technology access, and regulatory hurdles, but emphasizes the potential for these enterprises to drive India's ambition to become a global space power.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/economy/msmes-shooting-for-the-stars-in-india-s-space-sector/ar-AA1yw81A ]