Current Affairs Exam

India an emerging space economy: MoS in Shillong

India is one of the very few countries that have built end-to-end capability inspacetechnologies, Union minister of state for spaceJitendra Singhsaid.

Addressing the precursor event of the Space economy Leaders Meeting (SELM) here, Singh said India is an emerging space economy.
India is one of the very few countries that have built end-to-end capability in space. Over the years, Space Technology has penetrated all walks of life. As a result, there is a huge demand for space-based Services which have huge commercial potential, he said.

He said the government has decided to open up the space sector for the private sector and help companies to enhance their participation in end-to-end space activities with the hand-holding ofISRO.

The increased private Industry participation will eventually result in an increased contribution of India in the global space economy, he said.


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