The successful launch of Chandrayaan-3, India’s upcoming lunar mission, is set to boost space startups and entrepreneurs, according to Union Minister Dr. Jitendra Singh. Speaking at the G20 Young Entrepreneurs Alliance Summit, Dr. Singh highlighted the opportunities unlocked for private participation in India’s space sector since Prime Minister Narendra Modi’s decision in 2020. He emphasized the need for young scientists and entrepreneurs from the G20 nations to explore the lucrative possibilities of space entrepreneurship.
Dr. Singh highlighted India’s recent achievements in the space industry, including the successful launch of India’s maiden private Vikram-suborbital (VKS) rocket by the Indian Space Research Organisation (ISRO). He also noted that out of 424 foreign satellites launched by India till date, 389 were launched during Prime Minister Modi’s tenure. In particular, ISRO has successfully launched over 200 foreign satellites belonging to major G20 countries. Dr. Singh called for increased public-private participation, both domestically and internationally, to further develop the space sector.
During Prime Minister Modi’s recent visits to the United States and France, it became clear that India is viewed as an equal partner and collaborator in space exploration. Dr. Singh highlighted NASA’s interest in collaborating with India’s astronauts and the signing of the Artemis Accord, which includes India as a signatory. He underscored the importance of collaborations with international partners, particularly between G20 nations, to drive progress in the space industry.
Dr. Singh also emphasized India’s commitment to sustainable development and addressing climate change. He mentioned the country’s participation in initiatives like the Hydrogen Mission and the Solar Alliance. Additionally, he highlighted the recent approval of the National Quantum Mission as evidence of India’s scientific progress in cutting-edge technologies.
In conclusion, Dr. Jitendra Singh reiterated the theme of the conference, A Sustainable World: 2047 – Role of Science and Technology, and emphasized the global responsibility to achieve net-zero goals and the United Nations’ sustainable development goals. He emphasized the vital role of science and technology in driving progress and called for unity and collaboration among nations for the betterment of humanity.
Overall, the successful launch of Chandrayaan-3 and India’s advancements in the space sector are believed to pave the way for increased space startups and entrepreneurs. The government’s push for public-private participation and collaborations with international partners, coupled with India’s strong scientific and technological institutions, position the country as a key player in the global space arena. Dr. Jitendra Singh’s address at the G20 Young Entrepreneurs Alliance Summit highlights the potential of space entrepreneurship and the role it can play in shaping a sustainable future.
