PM Modi meets 20 space startup CEOs, urges wider use of space tech for public benefit
India Expecting Growth In Space Sector From $8 bn to $44 bn by 2033: INSPACe head
On Friday, Prime Minister Narendra Modi met with the CEOs and founders of 20 prominent Indian space startups, including Skyroot Aerospace, Agnikul Cosmos, Pixxel, Dhruva Space, GalaxEye, PierSight, Bellatrix Aerospace, and Digantara. Modi emphasized the need for wider use of space technology to enhance the lives of people and encouraged collaboration between the space industry and other sectors focused on social development.
The Prime Minister highlighted India's progress in the space sector in recent years and urged the startups to explore applications of space technology in various fields such as agriculture, livestock management, dairy, and the environment. Space regulator and INSPACe chairman Vivek Goenka pointed out that India's space sector is projected to grow from $8 billion to $44 billion by 2033, with $11 billion expected to come from foreign customers.
He also identified three growth engines: government demand, wider adoption of space technology across various industries, and stronger international market access.
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