iNDICA NEWS BUREAU-
The Chairman of the Indian Space Research Organisation (ISRO), S Somanath, called for a parity and said India must aim to lower the cost of access to space as other countries. The comment was made last month at the third Annual India Space Congress (ISC), in New Delhi, the national capital.
The three-day ISC 2024, organized by SIA-India, also had participants from over 300 global space organizations and 30 countries.
“ISRO has created significant space capability and talent in the country. It’s time for new actors to scale India’s space operations,” Somanath said at the event.
“Bringing down the cost of access to space is a global trend, and India must also look at it. Space can never be solely for business and economy; it must inspire generations to innovate for humanity,” he added.
Dr Pawan Kumar Goenka, Chairman, IN-SPACe said that India’s space startups will increase after the FDI policy.
Goenka also boasted about “the enthusiasm of the private sector and how the investments are looking highly positive with the private space sector in India receiving $135 million in investment last year alone”.
The event aims to showcase the innovative initiatives taken by space startups, and their strategic foresight of investments for shaping humankind’s destiny in space.
“The Indian ecosystem is integrating into the global supply chain to bring the benefits of space to all, aiming to make India the hub of global satellite manufacturing,” said Dr Subba Rao Pavuluri, President of SIA-India.
