The Prime Minister calls on start-ups to take advantage of the opportunities of the space sector
New Delhi: Prime Minister Narendra Modi on Sunday urged startups to take full advantage of the growing opportunities in India’s space sector.
In his monthly radio show ‘Mann Ki Baat’, Modi said that Indian industries and start-ups are committed to bringing new innovations and new technologies in this field. In particular, the IN-SPACe collaboration will make a big difference in this area.
“Non-governmental companies also get the opportunity to launch their payloads and satellites through IN-SPACe. I would urge more and more start-ups and innovators to take full advantage of these huge opportunities being created in India in the space sector,” he said.
In June 2020, the government opened up the space sector to allow Indian private sector participation in the full range of space activities.
To facilitate private sector participation, the government has established the Indian National Space Promotion and Authorization Center (IN-SPACe) as an independent one-stop nodal agency that functions as an autonomous agency within the Department of Space (DOS).
It is a one-stop agency for all private sector space activities.
“Earlier in India, the space sector was limited in the reach of government systems. Ever since the space sector has been opened up to the youth of India, revolutionary changes have started to take place in it,” Modi further noted in his address.
“I also remember those old days when India was denied cryogenic missile technology. But scientists from India not only developed indigenous technology, but today with its help dozens of satellites are simultaneously sent into space,” the Prime Minister said.
Referring to the feat of putting 36 satellites into space simultaneously on October 23, Modi said that with this launch, India has become a strong player in the global commercial market.