Ministry of Science & Technology
azadi ka amrit mahotsav

Space Marine and Himalayan resources, which remained unexplored before PM Modi took over, to contribute substantially in India’s future economic growth


India will have its space station by 2035

India’s Space economy to increase threefold in next 10 years

Posted On: 14 DEC 2024 4:40PM by PIB Delhi

In order to achieve the goal of 2047 and make India a global phenomenon, we need to follow global strategies and parameters .

This was stated by the Union Minister Dr Jitendra Singh at the "India Economic Conclave” organised by a leading Media House at Bharat Mandapam, here.

 

India’s Space, Marine and Himalayan resources, which remained inadequately explored before PM Shri Narendra Modi took over, will contribute substantially to India’s future economic growth.

While answering to a question on how India can unleash benefits out of its natural resources in future in terms of creative growth, the Minister said that Prime Minister Shri Narendra Modi has opened the Space sector  for private players which offers an ample opportunity to harness benefits.

 Dr. Jitendra Singh said, India is on the path of raising its Space sector to global standards. He informed that India has made a quantum jump since 2014 in the Space economy.

Presently India's space sector contributes eight to nine percent of the world space economy, said Dr. Jitendra Singh and added that this could increase threefold in the next ten years. This could not have been possible without the active leadership of Prime Minister Shri Narendra Modi.

The Minister said that though ISRO was born later than NASA but today it is no longer lagging behind any other organisation in the world. It's capacity is going up day by day. So far we have  launched more than 432 Satellites  out of which 397 were launched after Prime Minister Shri Narendra Modi took over in 2014.

Dr Jitendra Singh said, India will have it's own space station by 2035. The Union Minister opined that we need to explore unexplored areas. There is no dearth of resources,  potential, commitment and  passion.

 

When asked about Jammu & Kashmir, Dr Jitendra Singh said, BJP’s performance in the recent Assembly election has been the best so far and “our vote share has not only increased but our vote share is higher than that of the ruling Party there”.

He said, over 2  Crore tourists  visiting the Kashmir Valley is a testimony to the return of normalcy.

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