Tuesday, November 29, 2022
Outlook.com
Outlook India
Outlook Business
+

PM Modi Urges Indian Start-Ups To Explore The Space Sector

In his speech, Prime Minister Narendra Modi also praised Indian industries for their participation in bringing innovations to the space sector

PM Modi Urges Indian Start-Ups To Explore The Space Sector
PM Narendra Modi
POSTED ON October 31, 2022 5:11 PM

In his monthly broadcasting programme, 'Mann Ki Baat', Prime Minister Narendra Modi said Indian start-ups should consider exploring the space sector, as it is currently delivering a lot of opportunities to investors. In his speech, he also praised Indian industries for their participation in bringing innovations to the space sector. 

"Earlier in India, the space sector was confined within the purview of government systems. Ever since, the space sector has opened for India's youth, revolutionary changes have started coming in it," PM Modi told in his speech. 

"I also remember those old days, when India was denied the cryogenic rocket technology. But the scientists of India not only developed indigenous technology, but today with the help of it, dozens of satellites are being sent to space simultaneously," he added. 

To bolster participation from the private sector, the central government opened the space sector to private players in June 2020. It also created a single-window as well as an independent nodal agency called The Indian National  Space Promotion and Authorisation Centre to get more engagements from private investors. 

The PM also referred to the success of ISRO in terms of placing 36 satellites in space. On October 23, ISRO’s heaviest rocket Launch Vehicle Mark3 (LVM3) successfully placed 36 satellites in the orbit. Narendra Modi congratulated ISRO  for the successful space mission.

  • Related Articles

    Satvinder Singh, deputy secretary general for ASEAN Economic Community, spoke about the vibrant and promising ecosystem ASEAN has developed

    1st ASEAN-India Start-up Festival Bolsters Opportunities For Indian Start-Ups

    Some start-ups that received interest at the expo include BattRe, Kidbea, Brainwired, Fixigo, Glamyo Health and Marj Tech

    Start-ups under Agility Ventures’ banner to raise over $1 million at Gitex Global

    ONGC launched its start-up fund in 2016 to encourage innovations in the energy field,

    ONGC Backed Start-ups Seek Energy Sector Solutions