India will soon become manufacturing hub of space assets, says PM

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Prime Minister Narendra Modi on Monday interacted with key industries, startups and academia from the space sector and expressed that India will soon become a manufacturing hub of space assets.

PM Modi in a video conference underlined the significance of the space sector in communication and navigation and assured the participants that they will be co-passengers with ISRO in this age of space research.

He said that the decision to unlock India’s potential in the Space sector has heralded a new age of public-private partnership in this sector.

Earlier, in June 2020, the Union Cabinet led by the Prime Minister took the decision to open up the Space sector and 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 are expected to provide a level playing field for private companies and start-ups.

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