New Delhi, 14 December: Prime Minister Narendra Modi on Monday interacted with leading industries, startups and academics in the space sector through video conferencing.
The Union Cabinet under the leadership of the Prime Minister created the Indian National Space Promotion and Authority Centre in June 2020 to open up the space sector to the private sector and increase their participation.
Subsequently, several undertakings proposed proposals under these spaces under the Department of Space.
On this occasion, the Prime Minister said that the decision to increase India’s capacity in the space sector has started a new era of public-private partnership in the region.
He assured the participants full support from the government in this effort.
He said that along with professionalism and transparency in policies, the fast decision making process of the government would prove beneficial for the companies involved in the space sector.
On the plans of companies to make rockets and satellites, the Prime Minister said that this is a major change, which will further strengthen India’s development in the space sector.
Prime Minister Narendra Modi said that private investment in this sector will provide opportunities for high-tech jobs, which will benefit IITs and NITs and other technical institutions.
The Prime Minister underlined that reforms in the space sector are not just limited to ensuring ease of doing business, but also put in place the necessary mechanisms to help the participants at each stage, including building test facilities and launch pads.
He said that through these reforms, the effort is not just to ensure that India becomes a competitive space market, but also to ensure that the benefits of the space program reach the poorest people.
He asked the participants to think boldly and work in the interest of society and country.