The Union Minister of State (Independent Charge) for Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy, and Space announced in Hyderabad that the liberalization of the Space sector by Prime Minister Shri Narendra Modi has resulted in a Startup boom. In just about four years, the number of Space StartUps has grown from a mere single digit to over 150, with early pioneers like “Skyroot” becoming successful entrepreneurs.
Dr. Jitendra Singh visited the newly established facility of Skyroot in a 60,000 square feet premises in Hyderabad, which is possibly India’s largest private sector rocket factory. Skyroot Aerospace was the first Space StartUp to launch a private rocket from ISRO station at Sriharikota last year after the Space sector was opened to private players over three years ago. Headed by two IITians, Pawan and Bharat, they have now set up India’s largest Rocket development facility with updated technology.
Dr. Jitendra Singh also unveiled Skyroot’s Vikram-1 orbital rocket, marking another milestone for the Indian private Space sector. He emphasized that the Space economy is poised to make a significant contribution to India’s economy as the country celebrates its 100th Independence Day in 2047. India’s rapid progress in science and technology has earned recognition on the global stage.
Dr. Singh pointed out that Prime Minister Modi has opened new opportunities for India’s youth talent to explore emerging sectors, including Space, BioTech, Agriculture, and Energy. He highlighted the role of the Anusandhan National Research Foundation in fostering a greater public-private partnership in scientific research, with a significant portion of the budget expected to come from non-government sources, industry, philanthropists, and domestic and international funding.
Overall, the Space sector’s liberalization has led to significant growth and innovation, and India is poised to become a prominent player on the global stage in the field of Space technology and research.
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