PM Modi expresses hope in India becoming space assets manufacturing hub
The PM said that the decision to unlock India s potential in the space sector has heralded a new age of public-private partnership in this sector. File Photo
Updated: Dec 15, 2020, 01:22 AM IST
Prime Minister Narendra Modi on Monday interacted with key industries, startups and academia from the space sector through video conferencing to encourage their participation in space activities. He also expressed hope that the country would soon become a manufacturing hub of space assets.
The Union Cabinet led by the Prime Minister took the decision in June this year to open up the space sector and enable the participation of Indian private sector in the entire gamut of space activities. With the creation of Indian National Space Promotion and Authorisation Centre (IN-SPACe), the government believes the reforms will provide a level playing field for private companies and start-ups.
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Reforms to help India s space sector globally competitive: PM Modi
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Last Updated: Dec 14, 2020, 09:05 PM IST
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Synopsis
“Private investment in the (space) sector will lead to the creation of hi-tech jobs, which will provide a host of opportunities to the talent pool in IITs/NITs and other technical institutions, Modi said in an interaction with startups, industries and academia from the space sector.
Modi also asked participants about the challenges and roadblocks in the reforms process and steps needed to remove them.
Reforms in India’s space sector would help the country become a competitive space market globally and help replicate the success of the IT industry, Prime Minister Narendra Modi said on Monday.