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.
Subsequently, several ventures have submitted proposals with IN-SPACe under the Department of Space. The proposals pertain to a vast range of activities including satellite constellation, small satellite launch vehicles, ground station, geospatial services, propulsion systems and application products.
The Prime Minister 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. He assured the participants of complete and wholehearted support of the government in this endeavour. He noted that the professionalism and transparency in policies, as well as the decision-making process of the government, will prove beneficial for the companies joining the space sector.
Taking note of the plans of companies to make rockets and satellites, Modi remarked that this marks a big change that will further strengthen India`s foray into the space sector.