ISRO chief backs startup-led space economy growth
The Daily Guardian|November 30, 2024
At the Huddle Global 2024 startup festival organized by the Kerala Startup Mission, Indian Space Research Organisation (ISRO) Chairman S. Somanath emphasised the pivotal role of startups and the private sector in advancing India's space industry.
ISRO chief backs startup-led space economy growth

He highlighted that, despite India's status as a recognized space power, the nation's share in the global space economy remains a modest 2% of the $386 billion market.

Somanath outlined ambitious goals to elevate this share to $500 billion by 2030 and to $1.5 trillion by 2047.

Somanath underscored India's potential to deploy at least 500 satellites, given the country's expertise in space technology and the burgeoning number of satellite manufacturing companies.

This story is from the November 30, 2024 edition of The Daily Guardian.

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This story is from the November 30, 2024 edition of The Daily Guardian.

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