Participation of private entities could revolutionize the space sector: PM Modi

Prime Minister Narendra Modi called the entry of private entities into the space sector a revolution and said the industry will be driven entirely by the power of government space institutions and the passion of private companies. This would take India’s space program to greater heights.

During the inauguration of the Indian National Space Promotion and Authorization Center (IN-SPACe) headquarters in Ahmedabad on Friday, the Prime Minister said that until now private players have been considered as only suppliers to the sector and the government is working with them on a project basis. worked. , according to requirement.

“But now there would be no more roadblock for private companies. The government system will not work like a wall. Even if those companies, start-ups and scientists who are not in government can work in the space industry,” Modi said, adding that it would be a loss to the nation if talents stopped working for the space sector.

IN-SPACEe has the power to revolutionize the industry. PM said IN-SPACe stands for space, pace and ace because it gives the youth opportunities

and India’s brightest minds to showcase their talent. “INSPACE is open to everyone, whether you work in the government or in the private sector. Only great ideas create winners. By reforming the space sector and supporting private players, the country is launching a brand new campaign,” he added.

The aim of the government will be to create an atmosphere of ‘Ease of Doing Business’ for the private sector so that they can provide an ‘Ease of Living’ environment to the people of India, he said. In the 21st century, space technology will become an important foundation for a major revolution as it will become technology not only for deep space, but also for personal space, Modi said, adding that space technology will become more prevalent in all walks of life for a while. common man straight from agriculture, urban planning, soil research, etc.

“A lot of people doubted us when we suggested the idea of ​​bringing private participation in the space industry. But to everyone’s surprise, more than 60 companies, start-ups and companies have already sprung up in the space technology segment on global platforms. In the coming days space and sea would be the most important sectors for human development,” he added.

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