Chennai: Prime Minister Narendra Modi on Monday asserted that the decision to open up India’s space sector has heralded a new age of public-private partnership and expressed confidence that Indian talent will achieve worldwide fame in this field in the same way it did in the IT sector.
Interacting with key industries, start-ups and academia from the space sector via video conferencing to encourage their participation in space activities, Modi said professionalism and transparency in policies as well as the decision-making process of the government will prove beneficial for the companies joining the field.
“This morning, I had a productive interaction with industry leaders, academicians and the start-up community associated with the space sector. India is making remarkable strides in this sector. This sector has also witnessed path-breaking reforms this year,” Modi said in a tweet.
Replying to a tweet from CEO of Pixxel Awais Ahmed, who attended the meeting, Modi said, “Space is the space to be in! I assure you, and several others like you, of the constant support from the Government. The reform trajectory in this sector will also continue”.
“He said the decision to unlock India’s potential in the space sector has heralded a new age of public-private partnership in this sector,” the PMO said, quoting PM Modi.
He said private investment in the sector will lead to the creation of hi-tech jobs, which will provide a host of opportunities to the talent pool in IITs and NITs and other technical institutions.
The Prime Minister said it is his firm belief that just like Indian talent has been able to attain worldwide fame in the IT sector, it will be able to do so in the space arena as well.
The Union Cabinet had in June 2020 decided to open up the space sector to enable the participation of Indian private sector in the entire gamut of space activities.
With the creation of Indian National Space Promotion and Authorization Centre (IN-SPACe), the reforms will provide a level playing field for private companies and start-ups, the PMO said.
