India, Nov. 5 -- Telangana IT and Industries Minister D Sridhar Babu on Thursday said the state government would formulate a space technology policy within a year to provide infrastructure for setting up spacetech companies and other facilities to strengthen Hyderabad's position as sector's hub.

Speaking at the inauguration of Cosmoserve Space's Base 1 facility on Thursday, Sridhar Babu said the state government would also establish a Space City in the proposed Bharat Future City to provide research facilities and infrastructure for space technology companies, industries and innovators.

He said the government would seek inputs from scientists, industry leaders and space technology experts while developing the state's policy and institut...