India an emerging space economy: MoS Jitendra Singh in Shillong

India is one of the very few countries that have built end-to-end capability in space technologies, Union minister of state for space Jitendra Singh said on Monday.

Addressing the precursor event of the G20 Space Economy Leaders Meeting (SELM) here, Singh said India is an emerging space economy.

“India is one of the very few countries that have built end-to-end capability in space. Over the years, space technology has penetrated all walks of life. As a result, there is a huge demand for space-based services which have huge commercial potential,” he said.


He said the government has decided to open up the space sector for the private sector and help companies to enhance their participation in end-to-end space activities with the hand-holding of ISRO.

The increased private industry participation will eventually result in an increased contribution of India in the global space economy, he said.

G20 sherpa of India Amitabh Kant said the G20 countries should collaborate on three key areas — manufacturing in space, mining in space and energy in space.

Speaking at the programme, Meghalaya CM Conrad K Sangma said the Indian Space Policy 2023 will allow more start-ups to enter the sector. pti