Indian StartUps will soon launch Space satellites: Minister

New Delhi: "A Space Revolution led by ISRO along with the Private Sector and Start-ups is on the horizon and Indian StartUps will soon launch Space satellites as well as satellite constellations and try their rockets", said Dr Jitendra Singh MoS (IC) Ministry of Science and Technology on Monday. He was speaking at India Space Conclave in New Delhi. The Minister also informed that five PSLVs are being domestically produced by L&T and HAL, while OneWeb is all set to launch their satellites through ISRO and NSIL.

Speaking on the occasion that coincided with the first anniversary of the Indian Space Association, ISpA, Dr Singh said, the revolutionary and out of box decision of PM Modi to unlock the Space sector for Private Industry in June 2020 changed the very nature of the Space ecosystem of the country.

He said Space reforms have unleashed the innovative potentials of start-ups and within a short span of time, from a couple of Space Start-ups three-four years back, today we have 102 start-ups working in cutting-edge areas of space debris management., nano-satellite, launch vehicle, ground systems, research etc. The Minister said, with the integration of R&D, Academia and Industry with equal stake, it is safe to say that a Space Revolution led by ISRO along with the Private Sector and Startups is on the horizon.

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Dr Singh said the strength and innovative potential of our young and private industrial enterprise will take a lead in the global space technology disruption in times to come. He expressed hope that India's young technology wizards shall breach new barriers in the field of Space Technology while they set out to address the limitless opportunities offered by the Space Domain.

The Minister recalled that while launching the Indian Space Association (ISpA), a premier industry association of space and satellite companies on October 11, 2021, PM Modi said, "Our approach to space reforms is based on four pillars- freedom to the private sector in innovation, the role of the government as an enabler, making youth future-ready and seeing the space sector as a resource for the progress of common man".

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The Minister also unveiled a sector report titled" Developing the space ecosystem in India: focussing on inclusive growth" along with Chairman ISpA, Jayant D Patil, Chairman, ISRO, S. Somnath.

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