Key Points
India has invested approximately USD 13 billion in the space sector in the last decade, resulting in a significant contribution of USD 60 billion to the GDP..
The country aims to achieve further milestones such as commissioning the Bharatiya Antariksha Station and landing Indian astronauts on the Moon..
India has invested nearly USD 13 billion in the space sector over the past decade which has contributed USD 60 billion to the GDP through direct, indirect and induced benefits, a report by global consulting firm Novaspace said on Friday..
Pawan Kumar Goenka, Chairman of Indian National Space Promotion and Authorization Centre (INSPACe) said it had launched a seed fund scheme for start-ups, facilitated transfer of technology to the private sector and established a design lab with simulation software for budding space sector entrepreneurs...
With sustained government support and private investments, India has the potential to emerge as a global space leader," Subba Rao said.. Lt Gen A K Bhatt (retd), Director General of Indian Space Association (ISpA) said initiatives such as the new comprehensive Space Policy, setting up of IN-SPACe, reforms including liberalised FDI regulations and the New Telecom Act allocating spectrum by administrative method have already given much needed kickstart to the private industry...
