India gains foothold in space industry with over 140 start-ups

New Delhi, July 6 (KNN) Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh said on Thursday that with over 140 Space Start-Ups within a short span of time, India has gained sound footing and the entire world has begun to acknowledge India’s capabilities and her potential in Space Technology.

Addressing the inaugural session of the G20 4th edition of Space Economy Leaders Meeting (SELM) in Bengaluru, he credited Prime Minister Narendra Modi who opened up India’s Space Sector to private players which has enabled a quantum jump in the last few years. 

Even though India began its Space journey several years later compared to some other countries, yet it is India today which is offering vital clues and inputs for the benefit of world’s leading Space agencies, he said.
 
The Minister pointed out that the very fact that during Prime Minister Narendra Modi’s recent visit to USA, Space related agreements comprised major component of the agenda is an indication that even the countries which claim to be pioneers in Space technology are today looking up to India for value addition in their Space related activities.

Lauding the private sector, he termed their emerging role as “pivotal” to the space economy.

The Minister said, global cooperation and alliances are vital in the light of growing ambition of humans to explore outer space. 

An alliance of responsible space faring nations for enhancing the share of space economy in the global economy is the need of the hour, he said.

“The future development of humanity lies in our collective ability to responsibly harness, pool resources and utilise space technology towards achieving sustainable development goals and improving the lives of common man,” he said. 

“An alliance of responsible space faring nations for enhancing share of space economy in the global economy is the need of the hour, as rightly captured by the theme of this event. This aptly captures India’s G20 theme of “One Earth, One Space, and One Future” as we say in Sanskrit language ‘Vasudhaiva Kutumbakam’,” he added.

Heads of National Space Agencies, leaders of space industries of G20, Senior diplomats of G20 nations and invited countries and other dignitaries are attending the two-day Meeting.

KNN Bureau