"India Will Emerge As A Major Hub For Global Space Economy"Says K Sivan,ISRO Chief

"India Will Emerge As A Major Hub For Global Space Economy," Says K Sivan, ISRO Chief

New Delhi: ISRO Chief K Sivan today addressed the nation and talked about the global space economy said that the Department of Space will promote sector space activities to enable it to provide end to end space services, including building & launching of rockets & satellites as well as providing space-based services on a commercial basis.

Also, K Sivan said that if the space sector will be opened for the private enterprises the potential of the entire country will be utilized to scale up benefits from space technology.Also, the ISRO chief said that  It'll not only result in the accelerated growth of the sector but also enable the Indian industry to be an important player in the global space economy".

With this, there is an opportunity for large scale employment in the technology sector and India becoming a global technology powerhouse: ISRO Chief K Sivan https://t.co/hR6gPcjZdV

— ANI (@ANI) June 25, 2020

If space sector is opened(for pvt enterprises), potential of entire country can be utilised to scale up benefits from space technology. It'll not only result in accelerated growth of sector but also enable Indian industry to be important player in global space economy: ISRO Chief pic.twitter.com/0tDgmEtnUS

— ANI (@ANI) June 25, 2020

Space sector,where India is among handful of countries with advanced space technology,can play significant role in boosting industrial base of India.Govt's decided to implement reformed measures to leverage ISRO's achievement by opening space sector for pvt enterprises:ISRO chief pic.twitter.com/lhLbCPR1Xv

— ANI (@ANI) June 25, 2020

Government has approved the establishment of an autonomous nodal agency - Indian National Space, Promotion & Authorisation Centre - for taking independent decisions with respect to permitting & regulating the activities of private companies in space sector: ISRO Chief K Sivan pic.twitter.com/qggxvtrxoy

— ANI (@ANI) June 25, 2020

It will act as a national nodal agency for handholding and promoting private sector in space endeavours and for this ISRO will share its technical expertise as well as facilities: ISRO Chief K Sivan https://t.co/HMUIKJgD4k

— ANI (@ANI) June 25, 2020

Mr. Sivan also said that privatization is an opportunity for larger-scale employment in the technology sector and India is becoming a global technology powerhouse.

Emphasizing on the privatization the ISRO chief said that the private sector can play a larger role than be just supplier of parts and components. Allowing the private sector to take part in space programs is a significant reform.

India News With Breaking News And Latest News From India and World follow dailyaddaa, like us on Facebook, Follow us on Twitter and Subscribe us for Latest Videos