Macron announces over $600mn investment in space sector

Macron


Paris, Jan 13 : France will invest 500 million euros ($609.5 million) in boosting innovation in the space industry in an attempt to battle outgrowing US and Asian competition, President Emmanuel Macron has said. During his visit to ArianeGroup aerospace company in Vernon in northern France on Tuesday, Macron said the two-year investment plan "will cover innovations related to carrier rockets, speed up our projects and allow us to go faster in global competition," Xinhua news agency reported. He said that 30 million euros will be invested in the development of new rocket engine and hydrogen propulsion technologies, stressing that "France must remain a country of innovation and production where there is a future for space." "This is the area that has seen growing American and Asian competition in recent years. ... That is why we need to organise ourselves, reduce undue intra-European competition, continue European investment and innovate more," he said. /IANS




Related

Microsoft Surface Duo to launch in Europe, Canada on Feb 18
London, Feb 12 : Microsoft's ambitious, dual-screen smartphone 'Surface Duo' will launch in the UK, France, Germany and Canada on February 18. P

TECNO announces 'Unstoppable Days Sale' on Flipkart with new offers
New Delhi, Feb 12 : TECNO, the global premium smartphone brand, on Friday announced the rollout of 'TECNO Unstoppable Days sale to celebrate the spiri

NASA in talks with US space startup to secure 1 Soyuz seat
San Francisco, Feb 12 : NASA is reportedly in talks with the Texas-based aerospace firm Axiom Space which arranges private astronaut rides to space to