STATE TIMES NEWS
NEW DELHI: India’s Space economy is on the rise, particularly in the last nearly ten years and more so in the last five years under the dynamic leadership of Prime Minister Narendra Modi, Union Minister Dr Jitendra Singh said on Wednesday.
Due to the opening up of the Space sector, emergence of Space Startups and Industry linkages, India’s Space economy could skyrocket to $100 Billion by in the years to come, as projected by foreign trade experts who are amazed by India’s quantum leap, he said.
“Last ten years have been a watershed period in the scientific transformation in India’s journey since Independence. And as far as the Space & Geospace and the entire ecosystem is concerned, it is even more visible, more so in the last five years,” he said.
Dr Jitendra said this while launching the Capacity Building Programme on Geospatial Technology & Applications, organized jointly by ISRO and Capacity Building Commission (CBC), through video conferencing.
Dr Jitendra said, Geospatial technology is being widely used in PM Gati Shakti infrastructure development programmes and SVAMTVA land mapping.
“Space technology is gradually becoming more and more component of India’s overall economy. And I am sure this role of it, in the overall value addition to India’s growth economy is growing to increase,” he said.
Calling for more synergy between Research, Academia, Startup & Industry, Dr Jitendra said the ISRO, being a pivotal agency, has appropriately come forward to take this initiative.This will also prove to be major effort to achieve the ‘Whole of Science, Whole of Nation’ approach. The Capacity Building programme on Geospatial technology & its Applications will raise awareness and help motivate the youth to make wider use of it, he said.
“We might require such capacity building programmes more frequently, more extensively. But at least beginning from today we have realized the importance of this, we have tried to institutionalize it,” he said.
The event was attended by the Secretary, Department of Space and Chairman,ISRO, S.Somanath and CBC Chairman Adil Zainulbhai and senior officials.
