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Metaverse NewsNFT News

Telangana’s SpaceTech Framework Receives Praise From NITI Aayog

The CEO of NITI Aayog Amitabh Kant was present as a virtual avatar in the event.

Written By Stuti Mansata
Published 2022-04-20·Updated 3 years ago
Make The Crypto Times preferred on GoogleGoogle
Telangana’s SpaceTech framework receives praise from NITI Aayog

The Telangana government launched its SpaceTech framework through a Metaverse platform on April 18. The framework saw praise from NITI Aayog, whose CEO Amitabh Kant’s virtual avatar was present at the event.

The NITI Aayog tweeted the success of the event and praised the Telangana government for this progressive initiative.

Pushing #India 🇮🇳 to the edge of new frontiers, #Telangana launched the SpaceTech Framework on the Metaverse, yesterday.

It was India's first-ever official event hosted in the virtual reality space to support the participation of private industry in the SpaceTech sector. pic.twitter.com/XcmUTiSUHp

— NITI Aayog (@NITIAayog) April 19, 2022

They also tweeted the purpose of the framework saying it will serve as a “launchpad for Telangana to move into a higher orbit but also facilitate its emergence as a commercial hub for domestic production of launch vehicles, satellite systems, ground equipment manufacturing & other facilities.”

Other government dignitaries who were present at the virtual event were IT and Industries Minister KT Rama Rao, ISRO chairman Somanath S and IN-SPACe chairman Pawan Goenka.

KT Rama Rao also announced the launch of the government’s SpaceTech NFT collection at the event. He further said that the proceeds from the NFT sale would be used to support a technology-enabled social impact project.

The state-specific spacetech framework aims to establish Telangana as an emerging commercial hub for space related products and services. The virtual metaverse event was hosted on PartyNite, a platform developed by Hyderabad-based startup Gamitronics. 

The event featured a spaceship walk-through of the framework launch. People could either watch the event’s Livestream on Youtube or enter the event as a virtual avatar.

With this framework, the Telangana government will pave the way for future policy launches and prove that it is at the forefront of using emerging technology to develop high-end use cases.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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