India Aims for 5-Fold Growth in Space Economy by 2030

• 06 Mar 2024

On 5th March, Union Minister Jitendra Singh informed that India aims to elevate India's space economy from 2% to 10% by 2030.

Key Points

• IN-SPACe Technical Centre Inauguration: IN-SPACe Technical Centre was launched in Ahmedabad to bolster private sector participation and foster innovation in space technology.
• Enhancing Capabilities: ISRO emphasized the centre's role in developing rockets alongside satellites, offering state-of-the-art facilities for testing and assembly.
• Empowering Private Sector: IN-SPACe paves the way for private-public partnerships, providing structured avenues for industry engagement and technology transfer.
• Fostering Collaboration: Emphasis on breaking down barriers between public and private sectors, fostering collaboration for mutual growth and advancement.