Prime Minister Narendra Modi on Friday called for higher participation of the private sector in the country’s space programme and increasing India’s contribution globally.
“Today, the global space industry is worth $400 billion and is set to touch $1 trillion by 2040. Our participation is just two per cent in this. We have to increase our share. The private sector has a big role to play here,” said Modi.
The PM was inaugurating the headquarters of Indian National Space Promotion and Authorisation Centre (IN-SPACe) in Ahmedabad.
Modi stated that IN-SPACe will act as a single window nodal agency to address