According to the prime minister (PM) of India, centre’s initiatives over the past six to seven years have reshaped India’s space sector into a dynamic, innovation-led ecosystem. He noted that space technology today underpins everything from communication and agriculture to marine monitoring, weather prediction, urban planning, and national security.
He said this expanding scope is why India undertook major reforms, opening the sector to private innovation and introducing a new Space Policy. Efforts were also made to link startups and industry with research, supported by the creation of Indian National Space Promotion and Authorisation Centre (IN-SPACe) to give young companies access to Indian Space Research Organisation’s (ISRO) facilities and technology.
According to him, more than 300 space startups now represent the new face of India’s space ambitions. Many began with small teams and limited resources, but Gen-Z engineers, designers, coders, and scientists are now developing propulsion systems, composite materials, rocket stages, and satellite platforms.
He added that new companies are entering satellite services, and emphasised that space has become a strategic asset. With the global space economy expected to expand sharply in the coming years, he said this presents a major opportunity for India’s youth.
