Chandrayaan-3 mission: Indian space tech startups hail ISRO for historic feat

Indian space startups and organisations that represent them have taken note of India's historic achievement in landing a spacecraft (Chandrayaan-3) successfully on the Moon's South Pole and are praising the work of the Indian Space Research Organisation (ISRO).

This success will aid in developing a lunar economy and promoting further celestial exploration, according to the Indian Space Association, which includes over thirty Indian space tech start-ups in addition to large firms like Bharti Airtel, L&T, and OneWeb.

Lt Gen AK Bhatt (ret.), Director General, Indian Space Association, remarked, "We applaud ISRO on the successful landing of the Chandrayaan-3, which shows India's strong spirit of space exploration and our prowess in the space domain."

The accomplishment of this landing demonstrates the potential of the Indian space sector and puts India in an elite group of nations. Incorporating private companies and India's burgeoning spacetech startup scene into future space missions is crucial if the country is to become a worldwide leader in the space economy, he said.

Vikram, the lunar lander, and Pragyan, the lunar rover, landed on the moon at 6:03 p.m., as planned by the Chandrayaan-3 mission. The descent manoeuvre began at 5:40 p.m., and it took 20 minutes to slow the lander's speed to below 1.6 km/seconds, allowing it to safely land on the Moon.

Two hundred of us sat in a room and watched as the acceleration in all directions slowed to zero and the height approached zero. The group then let out a roar of excitement. "I think for all of us it is a big shot of inspiration to do an awesome set of launches for India," Srinath Ravichandran, CEO and co-founder of Chennai-based Agnikul Cosmos, told Moneypoise.

"My Indian patriotism is at an all-time high, and I am in awe of ISRO's dogged determination as I saw Chandrayaan3 land safely at the South Pole and make history. We are the fourth nation to set foot on the moon and the first to reach the South Pole. According to Pawan Kumar Chandana, CEO and co-founder of Skyroot Aerospace, the first Indian private business to launch into space, "the century belongs to India" because of the precision and low cost with which this mission was completed.

We are pleased about the gentle landing of Chandrayaan 3', Anirudh Sharma, CEO and co-founder of Bengaluru-based space tech startup Digantara, told Moneypoise. This is a watershed moment for the whole space industry, not just India's. As we saw with the recent Luna 25 Mission, the difficulties of space exploration are enormous and merciless. The difficulties of making a smooth landing on another celestial body are even greater.

Landing at the Moon's South Pole Was a Success" Reaching the lunar south pole would represent a significant step forward in human exploration and a demonstration of India's strong and capable space sector. It's time for the New Space ecosystem to cash in on the world's attention on ISRO and India and deliver, said Sharma.

The lander and rover will soon begin lunar surface research. Minerals, according to experts, may provide clues about the Moon's history. This information can also be used to locate minerals that India may want to mine in the near future.

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Exploring the possibility of splitting water molecules at the South Pole into hydrogen and oxygen, building on the findings of Chandrayaan-1, is another important area. This has huge implications for plans involving human settlement or energy production in the future.