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Ahmedabad (Gujarat) : Prime Minister Narendra Modi on Friday (June 10) emphasized on increasing India's contribution to the global space industry and said
Prime Minister Narendra Modi on Friday termed the launch of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) as a 'watch this space' moment for the Indian space industry as it is a precursor to many development and opportunities.
Prime Minister Narendra Modi on Friday emphasized on increasing India's contribution to the global space industry and said that participation of the private sector in the country's space programme will play a big role in that.
The Government of Telangana has launched its SpaceTech Framework to support the participation of private industry in the SpaceTech sector and thereby increase India’s share in the global market growing at a CAGR of 5.6% to reach USD 558 Bn in 2026. The vision of the framework is to vision to “Establish Telangana as a globally recognized one-stop destination in Space
The proposal allocates a major funding increase for research, but the government needs to implement measures to stoke the private space industry.