Jatin Wahane

Lt Gen Anil Kumar Bhatt (retd), Director General of the ISpA- Indian Space Association, shared insights on the complexities and opportunities in India's DefSpace sector in an exclusive interview. The discussion highlighted the challenges faced by companies in navigating regulatory frameworks and emphasized initiatives like the DefSpace challenges and the INDUS-X program to foster innovation and compliance. The conversation also touched on learning from the global space market, the role of generative AI in space operations, advancements in space manufacturing technologies, and the significance of private sector involvement in meeting defense space requirements. Read this exclusive interview here: https://lnkd.in/gM_Udb-S #DefSpace #India #LtGenAnilBhatt #ISpA #RegulatoryFrameworks #Innovation #Compliance #GenerativeAI #SpaceManufacturing #PrivateSectorInvolvement #GlobalSpaceMarket #DefSpaceChallenges #INDUSX #SpaceIndustry #SpaceRegulations

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What happened in Space Tech last week? Some recent update and trends: 🚀 IN-SPACe to Disburse Rs 1000 Crore Fund for Space Startups First Disbursal Expected in Q1 of Next Financial Year. Initiative Aims to Support 40 Startups and Boost Private Space Industry" https://lnkd.in/d9gk42HT 🚀 India-USA Space and Geospatial Business Summit focus on tech & advanced manufacturing . The 4th India-USA Space and Geospatial Business Summit in Hyderabad focused on technology, policy alignment and advanced manufacturing, aiming to boost bilateral trade in geospatial and space technologies. Highlighting India's potential as a global hub for cost-effective geospatial services, discussions emphasized collaboration, AI integration and India's strategic growth plans. https://lnkd.in/dRYaz-KQ 🚀 ISRO successfully launched the Proba-3 mission from Sriharikota, in collaboration with the European Space Agency (ESA). The 550-kg mission, managed by ISRO's NewSpace India Ltd., aims to study the Sun’s outer atmosphere (Corona) using two satellites flying in precise formation 150 meters apart. The mission was initially will provide crucial insights into space weather. https://lnkd.in/djdbuwD4 🚀 Hyderabad-based spacetech startup Dhruva Space has announced the launch of AstraView, a new commercial satellite imagery service designed to provide continuous insights into Earth. https://lnkd.in/dSeUnDV8 🚀 Ananth Technologies Limited becomes first private Indian satellite operator to provide GSO communication satellite services. The Indian National Space Promotion and Authorization Centre (IN-SPACe) has announced M/s Ananth Technologies Limited (ATL), as the beneficiary of the Announcement of Opportunity (AO) enabling access to Indian Orbital Resources for Non-Government Entities (NGEs).https://lnkd.in/d8iaHHuc 🚀 PSLV-C54 successfully placed the Earth Observation Satellite (Oceansat) and eight other customer satellites into sun-synchronous orbits. PSLV-C54/EOS-06 Mission is accomplished. PSLV's 56th flight, is said to be one of the longest ones undertaken by the Bengaluru-headquartered space agency. https://lnkd.in/d3wGiq_C Do you have anything to add? Let us know in the comments!

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CDS asks military, DRDO to work with startups to get cutting-edge space tech to reduce gap with adversaries🥳🔥 India's top military leader, General Anil Chauhan, has urged for increased collaboration between the space and defense industries. This push aims to leverage the potential of the Indian space sector and startups to develop cutting-edge technologies and close the technological gap with rival nations. Key points: 👉 General Chauhan emphasized the need for deeper engagement between the Defense Research and Development Organisation (DRDO), the three branches of the Indian Armed Forces, and the space industry, including startups. 👉 He envisions Indian space startups growing into "unicorns" (highly successful startups) and becoming prominent global partners in the future. 👉 This collaboration is expected to accelerate the development of advanced technologies for India's defense sector. The Indian Defence Space Symposium 2024 served as the platform for this call to action. The event brought together key figures from the ministries, defense and space industries to discuss potential avenues for collaboration. This development highlights India's growing focus on: 👉 Strengthening its national security through technological advancements. 👉 Leveraging the potential of its domestic space industry and startups for strategic goals. 👉 Fostering innovation and entrepreneurship in the defense sector. The future holds promise for: - Increased collaboration between space and defense sectors. - The emergence of Indian space startups as major players in the global arena. - A more technologically advanced Indian defense establishment. How can India foster stronger collaboration between its space and defense sectors? What's your thought on this, let us know in comments. #India #Defense #Space #Collaboration #Startups #Innovation #NationalSecurity #startup

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Indian Budget 2024: Key Highlights for Defense and Aerospace Startups 1. Increased Defense Budget:  - Total allocation: ₹6.21 lakh crore, a 4.72% increase from the previous year.  - Capital expenditure: ₹1.72 lakh crore, up 9.40% from the previous year. 2. R&D and Innovation:  - DRDO funding: ₹23,855 crore, with ₹13,208 crore for capital projects.  - Technology Development Fund (TDF): ₹60 crore to support startups, MSMEs, and academia. 3. Deep-Tech Innovation Fund:  - A ₹1 lakh crore corpus established for long-term, zero-interest loans aimed at deep-tech innovations. This initiative specifically targets young tech entrepreneurs and startups. 4. Support for Space Sector:  - Department of Space allocation: ₹12,544 crore, with ₹6,357 crore for capital expenditure. 5. Equipment and Modernization:  - ₹40,777 crore allocated for aircraft and aero engines.  - ₹62,343 crore for other military equipment.  Opportunities for Startups: - Financial Support: The ₹1 lakh crore deep-tech fund offers long-term, zero-interest loans, crucial for startups investing in R&D. - R&D Collaboration: Significant funding for DRDO and TDF opens up opportunities for startups to engage in collaborative projects and develop innovative defense technologies. - Market Potential: With large allocations for modernizing military hardware, startups specializing in advanced technologies have a unique opportunity to contribute to and benefit from these procurement processes. - Collaborative Environment: Initiatives like the SIDBI-T-Hub Funding Programme and strategic MoUs promote partnerships between startups, industry leaders, and research institutions, enhancing mentorship and market access. The Indian Budget 2024 is a game-changer, opening up huge financial opportunities for startups in the defense and aerospace sectors. This is our chance to innovate and grow, pushing India closer to its vision of self-reliance and technological leadership. The support we're getting is incredible, and it's paving the way for us to make a real impact.

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🚀 India's Space Sector Opens Up to Global Investment   India's recent liberalization of FDI rules in the space sector marks a significant step forward. With the ability for 100% overseas investment in satellite component manufacturing, alongside the allowance of up to 49% FDI in launch vehicles and associated systems, the stage is set for a transformative period. This move not only attracts global players but also provides a substantial boost to Indian startups like Dhruva Space, Pixxel, Skyroot Aerospace, SatSure, TeamIndus - Axiom Research Labs and Bellatrix Aerospace. The shift in policy has caught the attention of international giants, opening doors for collaboration and expansion into global markets. This, coupled with the decreasing costs of space technology and increased satellite data accessibility, sets the stage for remarkable growth and innovation in the sector. While currently representing just over 2% of the global space economy, India aims to carve out a 15% share by 2047. Startups like Pixxel and Digantara, focusing on satellite services for defense, have already utilized SpaceX's rockets, showcasing the sector's potential. This liberalization not only boosts India's space capabilities but also nurtures a dynamic ecosystem for startups and investors, in line with the ambitious goals of the Indian Space Policy 2023. So Ready with Limitless Space & opportunities. Join the conversation and learn more about the exciting developments in India's space sector! #SpaceIndustry #FDI #SpaceTechnology #IndianSpacePolicy2023

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GalaxEye, a rising star in India's #spacetech sector, has made headlines by securing $10 million in Series A funding. This latest round was led by MountTech Growth Fund - Kavachh a critical tech-focused investment fund chaired by former Union Defence Secretary Ajay Kumar . The funding round also saw participation from renowned investors such as Mela Ventures, Speciale Invest, ideaForge, Samarthya Investment Advisors, and Infosys, which recently revealed its strategic investment in GalaxEye. GalaxEye's Mission: Revolutionizing Earth Observation Founded in 2021, GalaxEye is at the cutting edge of satellite technology. The startup is developing the world’s first multi-sensor satellite, designed to capture high-resolution, all-weather data. This unique satellite will combine multiple types of sensors to deliver comprehensive insights, potentially transforming industries like defence, agriculture, maritime, and insurance. Utilizing the Funds for Future Satellite Missions The newly raised capital will accelerate the development of GalaxEye's ambitious satellite mission, set for launch in 2025. This mission aims to provide real-time, high-resolution, multi-sensor data that is crucial for various sectors where timely information can be a game-changer. GalaxEye has plans to launch a constellation of micro-satellites by 2027 to capture unparalleled data from space. This strategic approach is designed to support both government and private sectors by delivering critical insights that can optimize decision-making processes. Strategic Partnerships & Support According to Suyash Singh, CEO & Co-founder of GalaxEye: “MGF-Kavachh’s support at this pivotal stage will enhance our technological capabilities. The Prime Minister’s encouragement for developing India’s space ecosystem energizes us to deliver critical insights on a global scale.” Raj Sethia, Founder Managing Partner of MGF-Kavachh, added: “GalaxEye's multi-sensor satellite technology is poised to redefine Earth observation. This aligns perfectly with our focus on national security and strategic technological advancements.” Anagh | Abhinav | Col Sarjeet | Ajay | Ravinder (Ravi) | Ganapathy | Satya | Adit | Dr Deb Jyoti | Karthik | Denil | Krishnakumar | Parthasarathy | Suhani | Nithish | Dhanush| Veeru | Arjun| Ankit Mehta | Srikanth | Vipul | Sachin | Praroop | Karan |

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🚀 Blast off for India's space sector! 🚀 Revised FDI norms allowing 100% foreign investment in key areas unlock a new era of collaboration and #innovation. This opens doors for cutting-edge technology, strategic partnerships, and accelerated growth, propelling India towards becoming a global space leader. The future of space exploration is reaching a new pinnacle! 🛰 #SpaceTech #India #FDI #innovation #ForeignDirectInvestment #SpaceSector #IndiaSpace #FDINorms #SpaceIndustry #EconomicGrowth #SpaceExploration #TechnologyDevelopment #InvestmentOpportunity #AGHorizon #blogsofAG #weekdayread #aghorizon #Pmc #consulting #advisory #RakeshSharma Curious to know deeper? Check out our newest blog post for further insights: https://lnkd.in/ginHab2V

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#Budget2024 has been stimulating for the Space and Defence sectors 🚀 The announcement of #Anusandhan National Research Fund with a colossal Rs 1 lakh crore corpus in the interim Budget, followed by the announcement of a #sovereign spacetech VC fund, complemented with abolition of #AngelTax, are clear and strong tailwinds for the #deeptech economy in the coming decades. Ofcourse, the implementation and operationalization remains to be seen, but the government's commitment in harnessing the long-term benefits of R&D is undeniable. Slew of strategic & structural reforms are underway. After easing the #FDI norms in defence and space sectors, Government is also liberalizing the #Explosive rules and has very recently proposed Explosives Bill 2024 to repeal the colonial Explosives Act of 1884. This, along with the major restructuring and revamp of #DRDO, will prove to be a vital booster for the larger defence ecosystem. This is a new era. The progressive policies are a testimony to that by the Govt of India. I vividly recall Hon'ble Raksha Mantri's address during Startup Manthan at #AeroIndia last year "If a startup takes one step forward, the government would take a 100 to help them." He also talked about why protocol must be broken to spur innovation in India's defence apparatus. This is a new era where we are seeing emergence of aerospace & defence-focussed VCs such as Jamwant Ventures, MountTech Growth Fund - Kavachh, Yali Capital. What's next? The demand for state-assured time-bound #procurement continues from the private space sector. There is a critical need to liberalize General Financial Rules (GFRs) for Govt to serve as an anchor customer throughout the product development lifecycle. Indefinite Delivery Indefinite Quantity (#IDIQ) contracts are also a great example that enables public-private risk sharing. Recent amendments to the Defence Acquisition Procedure (DAP) rules have been along these lines, furthermore substantially enhanced budget allocation for iDEX, is reassuring to see. I am sure similar successful frameworks would be adopted for the space sector too. Space is going to be a legal and regulatory wild west for some time. And we eagerly await key #legislations such as the long-pending Space activities bill, as well as the Cabinet nod to the National DeepTech Startup Policy (NDTSP). Narendra Modi Nirmala Sitharaman Piyush Goyal Vivek Virmani iDEX - DIO Pawan Goenka IN-SPACe Lt Gen Anil Kumar Bhatt (retd) Ajay Kumar Cdr Navneet Kaushik (Veteran) Col Sarjeet Yadav, SM SpaceFields https://lnkd.in/gRZg3xAK

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🚀🚀🚀LVM3 Goes Private: 🇮🇳ISRO Seeks Indian Industry Collaboration 👉NewSpace India Limited (NSIL) is inviting partners from Indian industry for the productionizing ISRO’s heavy lift launcher LVM3 under Public Private Partnership (PPP) framework. 👉NSIL has released the Request for Qualification (RFQ), as part of which, NSIL would technically qualify and shortlist multiple Indian industry partners 👉Global Launch service market assessment indicates substantial demand for launching communication satellites in GTO and satellites🛰️🛰️ for Mega constellations in LEO🛰️🛰️. 👉With a successful track record of 7 launches so far, LVM3 has a great potential and opportunity to capture this niche Global launch service market.

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Title: "Exploring Emerging Roles in India's Space Sector" India's space sector is undergoing rapid transformation, offering diverse and exciting opportunities for professionals across various disciplines. With ISRO's ambitious missions and the rise of private space ventures, India's space industry presents an exciting landscape for individuals seeking innovative and impactful careers. 1. Expanding Opportunities: India's space sector is witnessing a surge in growth, driven by initiatives like ISRO's New Space Policy. This expansion has created numerous job opportunities across various domains, including satellite manufacturing, launch vehicle technology, and satellite applications. 2. Satellite Technology: With the increasing demand for satellite-based services such as communication, navigation, and earth observation, there is a growing need for professionals skilled in satellite design, development, and operations. Roles in satellite subsystems, payload integration, and satellite data analysis are emerging as key areas of focus. 3. Launch Vehicle Development: India's advancements in launch vehicle technology, exemplified by the successful launches of GSLV and PSLV, require expertise in propulsion systems, aerodynamics, and structural engineering. Opportunities abound for engineers and scientists specializing in launch vehicle design, testing, and mission planning. 4. Space Exploration: India's ambitious space exploration programs, including missions to the Moon and Mars, have opened avenues for roles in mission planning, spacecraft design, and planetary science. With ISRO's plans for future lunar and interplanetary missions, there is a growing demand for professionals with expertise in space exploration. 5. Commercial Space Activities: The emergence of private space companies in India, coupled with the government's encouragement of private participation in space activities, has led to the creation of roles in areas such as satellite launch services, satellite communication, and space tourism. These ventures offer opportunities for entrepreneurs, engineers, and business professionals to contribute to India's growing space economy. #SpaceSector #EmergingRoles

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Space for Defence Defence use cases remain at the core of Indian Space Economy. While the commercial requirements may be met through global assets, sovereign assets with indigenous technologies only can bring "Aatmanirbharta". Private players need to play a key role in developing the capabilities and capacities. #space #india #startup #defence #defencenews #defenceindustry #spacetechnology #aatmanirbharbharat #makeinindia  ISpA- Indian Space Association ISRO - Indian Space Research Organization Indian Institute of Space Science and Technology SIA-India IN-SPACe GalaxEye GalaxEye Blue SpaceFields Kepler Aero Kepler Aerospace Ltd AgniKul Cosmos Pixxel Skyroot Aerospace Manastu Space Bellatrix Aerospace https://lnkd.in/gb8r5uiC

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Space situational awareness (SSA) is a critical component of modern #space #operations, serving as a dual-use platform that benefits both #defense and #commercial sectors. India’s defense like most countries in the world has historically relied on its own systems to monitor objects in space, but the growing number of objects and threats in space has led to an increased interest in leveraging commercial #SSA data. This integration promises to expand geographic sensor coverage and provide #unclassified, shareable data that can enhance the overall space domain awareness, leading to a more resilient & responsive SSA. Key to this #infrastructure is control and command. The #architecture of a control & command center for SSA is a marvel of modern #technology and #strategic #design. It serves as the #epicenter for monitoring & managing the traffic of objects in earth's orbit, ensuring the #safety and #sustainability of space activities. Such centers are equipped with advanced #computational systems and #communication networks that enable the processing and dissemination of vast amounts of #orbital data. They are staffed by teams of experts who analyze this data to predict potential #collisions, track space #debris, and support #satellite operations. The architecture is not just about the physical layout but also encompasses the intricate network of sensors and data sources that form the backbone of SSA. These include ground-based #radars, #telescopes, and space-based #surveillance systems that work in unison to provide a comprehensive view of the space #environment. The command center acts as a hub for #international #collaboration, where data is shared between #countries and #organizations to promote a collective effort in preserving the orbital environment. The design of such centers often reflects the need for #resilience and #redundancy, ensuring #continuous operation even under adverse conditions. The integration of #artificial #intelligence #algorithms further enhances the capability of these centers to process and interpret the vast amount of data required for effective SSA. This fusion of technology, expertise, and international cooperation exemplifies #humanity's commitment to maintaining the safety and security of our space-faring endeavors. As we continue to expand our presence in space, the role of these command centers becomes ever more critical, acting as the guardians of our #celestial #highways. The architecture of SSA is often described as a "#system of #systems," which means it is composed of many different systems that interact and depend on each other to function effectively. Digantara and it’s founders Anirudh, Tanveer and Rahul have taken one step forward towards sophisticated and dynamic framework that is vital for the continued #exploration and use of outer space. ISpA- Indian Space Association https://lnkd.in/g3h5EQv2

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From space tech in the skies to deep tech all around us, our perspectives continue, with our focus today on a snapshot of the ecosystem in India. India's deep tech sector has seen remarkable growth, with over 3,000 startups as of 2023, a 53% increase from 2021. These ventures focus on AI/ML, IoT, big data, and blockchain, driving innovation across multiple sectors. The government's National Deep Tech Startup Policy, launched in 2022, aims to foster 10,000 deep tech startups by 2030, backed by a ₹1,000 crore ($121 million) fund. This initiative underscores India's commitment to becoming a global deep tech hub. Funding for Indian deep tech startups reached $2.3 billion in 2023, a 40% year-over-year increase. Specialized VC firms play a crucial role, providing not just capital but domain expertise and longer runways for tech development: - Speciale Invest (spacetech, robotics) - pi Ventures (AI, ML, IoT) - Endiya Partners (healthtech, enterprise software) - Bharat Innovation Fund (healthcare, agriculture, sustainability) - Axilor Ventures (dedicated deep tech program) Academic institutions contribute significantly, with Indian Institute of Technology, Madras's research park hosting 200+ deep tech startups and Indian Institute of Science (IISc) Bengaluru's incubator supporting 40+ ventures. Notable deep tech startups founded in the past 6 years include: - AgniKul Cosmos (2017): Developing small satellite launch vehicles - Myelin Foundry (2019): AI-driven video streaming technology - ASTROME SPACE TECHNOLOGIES (2018): High-speed wireless comms. - Log9 Materials (2018): Graphene-based energy solutions - Ethereal Machines (2018): 5-axis 3D printing and CNC machining - Bellatrix Aerospace (2018): Electric propulsion systems for satellites - Cropin (2019): AI and data-driven farm management solutions - Niramai Health Analytix (2018): AI-based breast cancer screening - Vecmocon Technologies (2020): Electric vehicle drivetrain solutions - Astrogate Labs (2019): Optical communication for small satellites Major themes include sustainable technologies, health tech, space tech, and advanced manufacturing. The sector's future focuses on increased academia-industry collaboration, global expansion, and addressing talent shortages. Challenges persist, including limited domestic market readiness. However, initiatives like the Indo-US AI Initiative (2023) aim to foster international collaboration. Patent filings in deep tech surged 80% between 2019 and 2023, indicating a robust innovation pipeline. This growth in IP reflects the maturing ecosystem and increasing global competitiveness of Indian deep tech startups. Looking ahead, India is leveraging strengths in space tech, advanced materials, and AI in healthcare and agriculture. The combination of govt support, specialized funding, academic research, and entrepreneurial talent positions India as an emerging powerhouse in the global deep tech landscape. #india #startups #deeptech #ventureCapital

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Whoa, what a day! Excited to share the incredible strides made by the Tamil Nadu Defence Industrial Corridor (TNDIC) team at the IN-SPACe Industry Meet in Ahmedabad. Our team's dedication, strategy, and management expertise are turning ambitious visions into actionable realities. B. Krishnamoorthy, IOFS, Special Secretary/PD TIDCO, highlighted our comprehensive plan to develop a "space bay" in South Tamil Nadu, modeled after Florida's Space Coast. With a focus on upstream, midstream, and downstream industries, our initiative aims to revolutionize India's space sector. ISRO Chairman S. Somnath emphasized the need to reduce space transportation costs, boost industry participation, develop a robust manufacturing base, and foster collaboration with academia. Inspace team further stressed the importance of industrial clusters, tech centers, policy regulation, and HR skilling. Our proactive steps in these areas are already paving the way for a thriving ecosystem. Our strategy and consulting efforts are geared towards realizing these objectives, ensuring sustainable growth and innovation. Together, we are converting visionary ideas into tangible outcomes, driving the future of India's space industry. #SpaceIndustry #Innovation #TNDIC #SpaceEcosystem #VisionToReality #SpaceTechnology #StrategyConsulting #ManagementConsulting #IndianSpaceSector #Collaboration

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Algo Rhythm: Space technology startups soar high, says Tracxn report India has more than 100 space technology startups and most were founded in the past five years. It owns 55 active space assets that include communication, meteorological and Earth observation satellites. According to a report by Tracxn, a market intelligence platform, 2023 was the highest-funded year for such firms. They overall got $126 million, a 7 per cent rise from the $118 million raised in 2022 and an increase of 235 per cent compared to $37.6 million in 2021. In 2024, space tech startups have raised $10.8 million yet. #techtuesday #ITMskillsuniversity #ESMEducation #MP2024 #itm

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India Insights Edition 2: India's Spacetech Liftoff 🚀 Spacetech in India is more than an industry; it's a beacon of national pride and technological prowess, uniting a billion dreams and pushing the boundaries of innovation. The sector, led by ISRO and a burgeoning private space industry, has captured global attention, driving economic growth and inspiring a new generation of scientists and entrepreneurs. India's spacetech industry generates substantial revenue and creates myriad job opportunities across engineering, manufacturing, research, and data analysis. The rise of satellite technology has boosted sectors like telecommunications, agriculture, disaster management, and even e-commerce, with improved connectivity and data services. Startups like Skyroot Aerospace, Agnikul Cosmos, and Pixxel are transforming the landscape, bringing in fresh perspectives and innovative solutions. These ventures are not only contributing to technological advancements but also fostering a thriving ecosystem of partnerships, investments, and global collaborations. Culturally, India's spacetech achievements inspire movies, literature, and educational programs, embedding a sense of scientific curiosity and national pride in daily life. The successful missions like Chandrayaan and Mangalyaan have united diverse communities and showcased India's capabilities on the world stage. Read on for a deep dive into the origins of India's spacetech journey, its growth over the years, its impact across industries and sectors, and finally, what the future holds for this exciting frontier. #IndiaInsights #India #SpaceTech #Mangalyaan #Chandrayaan #Innovation #Agnikul #Pixxel #Skyroot #Consulting #Insights

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