Industry to Invest in country’s Space Sector-

Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences; Minister of State in the Prime Minister’s Office, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh today called upon industry leaders to significantly scale up investments and participation in India’s space sector to accelerate the development of globally competitive indigenous technologies and reduce dependence on external sources.

Addressing the 10th IN-SPACe Industry Connect, Dr. Jitendra Singh emphasised that while India’s start-up ecosystem has demonstrated remarkable innovation and technological capability, achieving leadership in the global space economy would require stronger participation from established industries through enhanced funding, manufacturing strength and market access.

Dr. Jitendra Singh stated that the opening up of the space sector to private participation under the leadership of Prime Minister Shri Narendra Modi marked a historic shift in India’s approach to strategic sectors. He described the reforms as a courageous decision that unlocked India’s latent entrepreneurial potential and transformed the country’s space ecosystem within a short span of time.(upated on 11th June 2026)