Space sector News

The number of startups has grown from one to more than 300, positioning India as a key revenue generator in the global space market. 

Prime Minister also called upon Indian scientists to work towards interplanetary missions that would include a Venus Orbiter Mission and a Mars Lander. 

In terms of rocket's carrying capacity, India's heavy lift rocket LVM3 can carry a maximum of four tonne whereas the rockets of the US, China and Europe can carry several times higher. As a matter of fact, India uses the services of Arianespace's Ariane rockets to orbit heavier communication satellites.

India signed a pact with Bhutan for the arrangement of small satellite Attended by both Ambassadors of the countries

India has the potential to be a manufacturing hub for space technology, with Indian firms expanding to foreign markets and vice versa, Director of Vikram Sarabhai Space Center said. It is important to take space technology to friendly countries that didn’t have the means, Director of UR Rao Satellite Centre emphasised.

ISRO chief said foreign space firms want to partner with Indian agencies He emphasised role of private sector in driving growth of space sector

Experts noted India's share of global space economy is less than 2% They said ISRO's PSLV and other rockets will soon be fully made locally

Jitendra Singh said this is also a part of the Narendra Modi-led government's 'AtmaNirbhar' roadmap towards self-reliant India. Elaborating further, the Union Minister said that the private companies will be provided with a level playing field in satellite launches and space-based activities. Singh stated that the new reforms will seek to shift the space-related activities in the country from 'Supply Based Model' to a 'Demand Based Model'.

This will not only result in the accelerated growth of the sector but will enable the Indian Industry to be an important player in the global space economy.