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India: "New Indian Space Policy Soon": PM Modi's Announcement

NEW DELHI, 12 June 2022, (TON): Prime Minister Narendra Modi inaugurated the headquarters of the Indian Space Promotion and Authorisation Centre here, set up to promote private investment and innovation in the space sector.

He said “as in Information Technology, he hopes that Indian firms will emerge as leaders in the global space sector too.”

PM Modi said “earlier, the space sector was closed to private companies as they could only be vendors, but his government opened it up by bringing in reforms.”

He said "big ideas can only make big winners. We have removed all restrictions by bringing reforms in the space sector.”

The Prime Minister further said “IN-SPACe will support private industry and begin the process of making winners in the space sector.

He said "I am hopeful that like in the IT sector, our industry will also take the lead in the global space sector.”

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