Close Menu
    Main Menu
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Facebook X (Twitter) Instagram LinkedIn
    Trending
    • Bangladesh Eyes Space Economy with Rockets, Satellites, and Industrial Park Plan
    • Bangladesh’s Missed Opportunity in the Global Ayurvedic Boom
    • Central Bank Moves Steady Economy, Reserves Rise to 26.8 Billion Dollars
    • Bangladesh’s First Satellite Turns Profitable After Six Years, Despite Using Only Half Its Capacity
    • Bangladesh’s Foreign Debt Repayments Surge 617 Percent, Fastest in South Asia
    • Brazil overtakes India to become Bangladesh top cotton supplier with 1.9 million bales in MY25
    • UK to continue duty free market access for Bangladesh exports until 2029
    • National SME Product Fair begins in Dhaka with more than three hundred fifty entrepreneurs from across Bangladesh
    Subscribe
    Business BrillianzBusiness Brillianz
    Facebook X (Twitter) Instagram LinkedIn
    Monday, December 15
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Business BrillianzBusiness Brillianz
    Home | Blog | News | Bangladesh Eyes Space Economy with Rockets, Satellites, and Industrial Park Plan
    News

    Bangladesh Eyes Space Economy with Rockets, Satellites, and Industrial Park Plan

    December 15, 20255 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bangladesh Eyes Space Economy with Rockets, Satellites, and Industrial Park Plan
    Share
    Facebook Twitter LinkedIn Copy Link

    Bangladesh has taken a significant step toward entering the global space economy by launching a feasibility study to assess the development of indigenous rockets, satellite manufacturing facilities, and a dedicated space industrial park. The initiative is being led by the Bangladesh Space Research and Remote Sensing Organisation (SPARRSO) as part of a long term plan to strengthen technological self reliance and reduce dependence on foreign space services.

    SPARRSO signed an agreement last month with Development Design Consultants Limited to conduct the feasibility study at a cost of around Tk 1.35 crore. According to officials, the consultant will submit a comprehensive feasibility report along with a preliminary project design by June 2026. The study will focus on three key components: a rocket manufacturing and launch station, a satellite manufacturing facility with an Assembly Integration and Test AIT laboratory, and a high tech space industrial park.

    Read More: Bangladesh’s Missed Opportunity in the Global Ayurvedic Boom

    Officials said the initiative is aligned with Bangladesh’s ambition to tap into the rapidly expanding global space economy, now valued at over one trillion dollars. More than 11,000 satellites are currently in orbit worldwide, supporting telecommunications, navigation, weather forecasting, disaster management, agriculture, and national security. SPARRSO believes Bangladesh has both strategic need and economic potential to become an active participant in this sector.

    Mohammad Shohidul Islam, principal scientific officer at SPARRSO, said the initial plan is to begin rocket manufacturing by importing components and assembling them locally. As technical expertise grows, Bangladesh could gradually move toward full indigenous rocket production. He noted that countries like India earn foreign currency by launching satellites for other nations and said Bangladesh could explore similar commercial opportunities through a domestic launch station.

    SPARRSO is currently assessing several coastal locations for the proposed rocket launch facility, including Kalapara in Patuakhali, Anwara in Chattogram, and areas near the Sundarbans. Final site selection, along with cost estimates and investment requirements, will be determined after the feasibility study is completed. Officials said a local launch station would strengthen national space security, protect orbital slot interests, and significantly reduce satellite launch costs.

    At present, launching a satellite from Europe can cost Bangladesh around Tk 2,000 crore. SPARRSO estimates that building and launching a satellite domestically could cost less than half that amount. In addition, high resolution satellite data currently costs about Tk 40 crore per dataset, making regular access difficult due to budget constraints. Delays of seven to fifteen days in receiving detailed satellite data often limit effective disaster preparedness and response.

    Bangladesh currently relies heavily on foreign satellites for monitoring floods, cyclones, agriculture, forests, rivers, vehicle movement, and aviation activity. Nur Hossain Sharifee, chief scientific officer at SPARRSO, said owning domestic satellites would allow the country to access real time and high quality data more affordably, improving disaster management and reducing economic losses caused by delayed weather and environmental information.

    Alongside rocket development, SPARRSO plans to establish a satellite manufacturing industry with a modern AIT laboratory. The facility would handle satellite design, fabrication, integration, testing, and validation across different satellite classes. This would reduce reliance on foreign suppliers, lower procurement costs, and open opportunities for export oriented production of space grade components.

    The proposed AIT laboratory would support key sectors including telecommunications, disaster response, agriculture, forestry, the blue economy, and space weather research. It is also expected to play a vital role in training skilled manpower and encouraging research and innovation in universities and scientific institutions.

    The third component of the initiative is a space industrial park designed to attract domestic and foreign investment in aerospace research, engineering, and commercial space applications. The park would function as an innovation hub for satellite manufacturers, component suppliers, testing facilities, and technology startups. SPARRSO is reviewing potential locations such as the Mirsarai Economic Zone and Madhupur in Tangail, focusing on areas with strong transport links, utilities, and logistics support.

    According to SPARRSO, the space industrial park could generate high skilled employment, promote joint ventures, and support research and development programmes with international partners. Services emerging from the park could include satellite data services, navigation systems, marine tracking, aviation safety tools, energy management solutions, telecommunications support, and sustainable urban planning technologies.

    Read More: Central Bank Moves Steady Economy, Reserves Rise to 26.8 Billion Dollars

    Experts acknowledge that the project is ambitious and will require significant funding, advanced technology, and foreign collaboration. Subrata Kumar Aditya, professor of electrical and electronic engineering at Dhaka University, said that while the initiative demands major investment, access to advanced technology and strategic partnerships will be equally important. He noted that collaboration with countries such as China could make the project feasible, and confirmed that SPARRSO has already begun discussions with Chinese, Japanese, South Korean, and US based firms.

    SPARRSO officials said the idea was first proposed by the organization’s current chairman Md Rashedul Islam and later gained momentum after receiving interest and support from the Ministry of Defence. Development Design Consultants Limited was selected for the feasibility study from seven bidders and brings experience supported by international advisers in space research.

    If implemented successfully, the initiative could mark a turning point for Bangladesh’s space ambitions, positioning the country as a regional player in space technology while strengthening national security, disaster preparedness, and economic growth.

    Bangladesh Economy Rockets Satellites Space

    Related Posts

    Bangladesh’s Missed Opportunity in the Global Ayurvedic Boom

    December 14, 2025

    Central Bank Moves Steady Economy, Reserves Rise to 26.8 Billion Dollars

    December 13, 2025

    Bangladesh’s First Satellite Turns Profitable After Six Years, Despite Using Only Half Its Capacity

    December 11, 2025
    Leave A Reply Cancel Reply

    ShareTrip-New-Ads-Banner
    Swish-Banner-Ads
    Pathao Courier

    Category
    • AI (10)
    • Awards & Recognitions (7)
    • Building & Construction (1)
    • Digital Business (11)
    • Electronics (3)
    • Events (4)
    • Export & Import (12)
    • Finance & Banking (31)
    • Innovation (12)
    • Investment (22)
    • Leadership (2)
    • Lifestyle & Fashion (2)
    • Money (11)
    • News (241)
    • Newsletters (2)
    • Real Estate (1)
    • Small Business (3)
    • Tech (4)
    • Uncategorized (3)
    About Us
    About Us

    Business Brillianz is Delivering Cutting-Edge Updates, Strategies, and Expert Advice for Businesses.

    Quick Links
    • Home
    • Blog
    • About Us
    • Contact Us
    Our Terms
    • Privacy Policy
    • Terms and Conditions
    Facebook X (Twitter) Instagram LinkedIn
    Copyright © 2023 | Business Brillianz.

    Type above and press Enter to search. Press Esc to cancel.