Thiruvananthapuram, June 20 (UNI) The K-Space Park, to be set up in the Technocity campus, aims to maximise the industrial potential of the space sector, promote the manufacturing of essential industrial components and encourage entrepreneurship.
Laying the foundation stone for the Common Facility and R&D Centres of the Kerala Space Park is a major step towards building a robust ecosystem for space research and industry in Kerala, sources said.
Spanning 3.5 acres, a 2 lakh square feet facility is being constructed with an investment of Rs 244 crore, in collaboration with NABARD.
The project is tailored to support new entrepreneurs and the younger startup generation. It will offer opportunities for entrepreneurship and skill development to ITI and diploma students. The state will leverage the maximum potential in areas such as navigation, urban design, and mapping.
A total of four science parks with an investment of Rs 1000 crore are being launched in Kerala, with the first phase of the Digital Science Park already completed. Additionally, an Advanced Space Initiative with a budget of Rs 250 crore is being planned.
Since the establishment of India's first rocket launching station at Thumba in 1962, Thiruvananthapuram has emerged as a significant hub in the Indian space sector. The city is home to renowned institutions such as VSSC, LPSC, IIST, and BrahMos Aerospace. Many of the country's key space and defence operations are based in Thiruvananthapuram.
UNI DS ARN