Chennai, Aug 15 (UNI) The Indian Space Association (ISpA) today hailed Prime Minister Narendra Modi mentioning the growth in India’s space sector in his Independence Day address and said his visionary plan to open up India’s space sector has been a true gamechanger.
Backed by progressive reforms such as the Space Policy, liberal FDI push and strong government support, the industry has grown multi-fold in just five years, ISpA Director General Lt Gen AK Bhatt (retd) said.
"The surge in space startups and their achievements reflects an unprecedented wave of innovation and ambition among our youth", he said.
"With this momentum, we are confident of achieving the goal of USD 44 billion space economy by 2033 and cementing India’s position among the world’s leading spacefaring nations. This is not just growth, it’s a national movement inspiring every Indian to aim higher and reach for the stars”, he added.
UNI GV 1340