Speaking at a session on space technology and defence during the Bengaluru Tech Summit, which also saw the launch of the Draft Karnataka Space Tech Policy, Somanath emphasised the importance of cost-effective production. He pointed out that while India invests significantly in producing rocket sensors, the high production cost of car sensors makes domestic manufacturing less viable. “For car sensors, viability is achievable only if production costs are low and manufacturing is scaled up,” he said. Somanath called for greater industry collaboration to address this challenge and noted that policy interventions like those unveiled at the summit could provide a solution. He praised the 2020 space sector reforms and the Space Policy of 2023. “There is a lot of interest in the sector. I hear from many aspiring to build the next SpaceX in India,” he added. Highlighting progress, Somanath mentioned that five companies are currently building satellites, with many enhancing their capacity to develop subsystems for rockets and satellites. However, he identified a lack of major players and insufficient investment in upstream space capabilities as key challenges. “To address this, we are focusing on developing downstream capabilities, which can generate demand and eventually attract upstream investments,” he said.

'Why not car sensors." ISRO chief on shunning imports & making in India

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.