ISRO's S. Somanath urges India to boost its space economy share from 2% to 10% through investment.

ISRO Chairman S. Somanath advocates for India to develop leading space companies rather than just service providers, aiming to boost the country's global space economy share from 2% to 10%. He calls for significant government and private investment to establish a thriving ecosystem and address the insufficient demand for space technology. The Indian Space Conclave highlighted the need for regulatory reforms and better testing facilities for startups, as well as international collaborations for sustainable growth in the sector.

November 05, 2024
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