Private sector has big role to play in increasing India's share in global space industry: PM Narendra Modi
December 7, 2023
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • Analysis
  • Opinion
  • International
  • More
    • G20
    • Sports
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • Politics
    • Vocal4Local
    • Business
    • Economy
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
MAGAZINE
No Result
View All Result
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • Analysis
  • Opinion
  • International
  • More
    • G20
    • Sports
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • Politics
    • Vocal4Local
    • Business
    • Economy
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • G20
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • International Edition
  • RSS in News
  • Magazine
Home Bharat

Private sector has big role to play in increasing India’s share in global space industry: PM Narendra Modi

PM Narendra Modi said participation of the private sector in the country's space programme would play a big role in increasing India's contribution to the global space industry.

by WEB DESK
Jun 11, 2022, 07:41 am IST
in Bharat
PM Narendra Modi (Photo Source: ANI)

PM Narendra Modi (Photo Source: ANI)

FacebookTwitterWhatsAppTelegramEmail

Ahmedabad (Gujarat) [India]: Prime Minister Narendra Modi on Friday (June 10) emphasized on increasing India’s contribution to the global space industry and said that participation of the private sector in the country’s space programme would play a big role in that.

“A wonderful chapter has been added in the development journey of modern India in the 21st century and congratulated all the countrymen, and the scientific community for the headquarters of the Indian National Space Promotion and Authorization Center i.e. IN-SPACe,” said PM Modi, while addressing the inauguration of IN-SPACe at Bopal, Ahmedabad.

Prime Minister elaborated, “IN-SPACe has the potential to revolutionize India’s space industry. So this is what I would say – ‘Watch this space’. IN-SPACe is for space, IN-SPACe is for pace, and IN-SPACe is for ace.”

He said that the global space industry is valued at 400 billion US dollars and has the potential to become a 1 trillion dollar industry by 2040.

“India needs to increase its share in the global space industry and the private sector will play a big role in that,” he said.

PM Modi further said that for a very long time, the private sector in the space industry had been viewed merely as a vendor, a system that always blocked the ways of progress for the private sector in the industry.

The Prime Minister also saw a strong role for India in the fields of space tourism and space diplomacy.

He said that IN-SPACe is an autonomous and single window nodal agency in the Department of Space for the promotion, encouragement and regulation of space activities of both government and private entities. It also facilitates the usage of ISRO facilities by private entities.

“By reforming the space sector, freeing it from all restrictions, by supporting the private industry through IN-SPACe, the country is starting a campaign to make winners today. The private sector will not just remain a vendor but will play the role of a big winner in the space sector. When the strength of government space institutions and the passion of India’s private sector will meet, not even the sky will be the limit,” he added.

He further stressed that it is the government’s endeavour to create maximum Ease of Doing Business environment for the private sector of India so that the private sector of the country helps the countrymen equally in the Ease of Living.

The Prime Minister said that in the earlier system, India’s youth was not getting the opportunities to realize their potential fully.

“Indian youth bring innovation, energy and a spirit of exploration with them. It has been the misfortune of the country that with time, the difference between regulation and restriction was forgotten. Today we cannot put the condition of only the government route for carrying out their plans before our youth,” PM Modi emphasized

He elaborated that the era for such restrictions is over, and the government is removing all such restrictions from the path of our youth.

PM Modi listed the opening of defence production, modern drone policy, geo-spatial data guidelines, and work from anywhere facility in the telecom and IT sector as examples of the government’s intentions. (ANI)

 

Topics: Narendra Modispace industry
ShareTweetSendShareSend
Previous News

Rajya Sabha Polls: BJP’s Devendra Fadnavis calls victory in Maharashtra ‘a happy moment’

Next News

National Herald case: ED issues fresh summons to Sonia Gandhi on June 23

Related News

Global media hails PM Modi’s ‘Historic and Unprecedented’ victory in three States

Global media hails PM Modi’s ‘Historic and Unprecedented’ victory in three States

Viksit Bharat Sankalp Yatra: 130 cr Indians can make India developed, self-reliant, says Union Minister Amit Shah

Viksit Bharat Sankalp Yatra: 130 cr Indians can make India developed, self-reliant, says Union Minister Amit Shah

“Climate action must ensure that priorities of Global South is not compromised”: PM Modi

“Climate action must ensure that priorities of Global South is not compromised”: PM Modi

Uttarkashi Tunnel Rescue: PM Modi speaks to rescued tunnel workers hails their courage

Uttarkashi Tunnel Rescue: PM Modi speaks to rescued tunnel workers hails their courage

Telangana: “Do we need a Chief Minister who will not meet people,” PM Modi asks in public at Toopran

Telangana: “Do we need a Chief Minister who will not meet people,” PM Modi asks in public at Toopran

Telangana: PM Modi Hails India’s global perception as ‘Vishwamitra’ during his State visit

Telangana: PM Modi Hails India’s global perception as ‘Vishwamitra’ during his State visit

Load More

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Amit Shah affirms ‘PoJK Hamara Hai’ in parliament; allocates 24 seats for Pakistan-occupied-Kashmir

Amit Shah affirms ‘PoJK Hamara Hai’ in parliament; allocates 24 seats for Pakistan-occupied-Kashmir

Meghalaya celebrates as Lakadong Turmeric secures GI tag; Boost for 14,000 organic farmers

Meghalaya celebrates as Lakadong Turmeric secures GI tag; Boost for 14,000 organic farmers

RSS Karnataka denies Ex-MLA Goolihatti’s allegations of caste-based entry denial at Dr Hedgewar’s Memorial

RSS Karnataka denies Ex-MLA Goolihatti’s allegations of caste-based entry denial at Dr Hedgewar’s Memorial

69th National Conference of ABVP To Commence From December 7; ‘Hindvi Swarajya Yatra to reach Delhi tommorow 

69th National Conference of ABVP To Commence From December 7; ‘Hindvi Swarajya Yatra to reach Delhi tommorow 

Madhya Pradesh: Three cases of Love Jihad following same pattern like film, ‘The Kerala Story’ reported in a month

Uttar Pradesh: Dalit woman abducted, converted to Islam and force-fed beef by Mohd Shoaib

Gaza Strip: IDF fighter aircraft, troops successfully ‘bust’ 250 terrorist infrastructures including schools

Gaza Strip: IDF fighter aircraft, troops successfully ‘bust’ 250 terrorist infrastructures including schools

Kalyan Singh in an interview called December 6, 1992, a matter of national pride with no regret, repentance or grief

Kalyan Singh in an interview called December 6, 1992, a matter of national pride with no regret, repentance or grief

Pakistan: Islamabad High Court rejects former Prime Minister Imran Khan’s plea in Toshakhana case

Pakistan: Islamabad High Court rejects former Prime Minister Imran Khan’s plea in Toshakhana case

Time to see Bharat Mata as an embodiment of a living deity

Time to see Bharat Mata as an embodiment of a living deity

‘Hamas-like attacks cannot be executed in Jammu due to our robust security model’: BSF Chief D.K. Boora

‘Hamas-like attacks cannot be executed in Jammu due to our robust security model’: BSF Chief D.K. Boora

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Africa
    • North America
    • South America
    • Europe
    • Australia
    • Global Commons
  • Editorial
  • Opinion
  • Analysis
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Entertainment
  • More ..
    • Sci & Tech
    • Vocal4Local
    • Special Report
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Politics
    • Law
    • Economy
    • Obituary
    • Podcast
  • Subscribe Magazine
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Policies & Terms
    • Privacy Policy
    • Cookie Policy
    • Refund and Cancellation
    • Terms of Use

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies