New Delhi, Sep 24 The Department of Space’s Technology Development Board (TDB) is set to provide financial support of more than Rs 63 crore to Bengaluru-based space tech company GalaxEye for developing next-generation multisensor satellite technology.
The development came after TDB and GalaxEye signed an agreement related to the financial support under the Research Development and Innovation (RDI) Fund, officials said on Thursday.
The proposed satellite technology pertains to OptoSAR, an approach that brings together two fundamentally different ways of observing the Earth — Synthetic Aperture Radar (SAR) and Electro-Optical (EO) imaging.
It aims to support applications including wide-area and long-range surveillance, human and vehicle detection, and target classification, while enabling imaging across diverse weather and lighting conditions.
In a statement, Rajesh Kumar Pathak, Secretary, TDB, said, “India’s space ecosystem is entering a phase where the ability to develop and deploy sophisticated technologies within the country will be increasingly important.”
“The RDI Fund provides an important mechanism to support such technology-intensive efforts through the critical stages between advanced development and deployment. The agreement with GalaxEye reflects TDB’s focus on enabling indigenous capabilities in emerging space technologies and supporting their journey towards commercialisation,” he added.
(PTI News)
