Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Space economy will grow five-fold in next 10 years, be around USD 44 bn: Dr Jitendra
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Politics > Space economy will grow five-fold in next 10 years, be around USD 44 bn: Dr Jitendra
Politics

Space economy will grow five-fold in next 10 years, be around USD 44 bn: Dr Jitendra

RK News
Last updated: August 18, 2024 12:29 am
RK News
Published: August 18, 2024
Share
3 Min Read
SHARE

New Delhi, Aug 17: Union Minister Dr Jitendra Singh, Minister of State (Independent Charge) for Science and Technology and Earth Sciences emphasized that the advancements are positioning India as a leading force in the private space industry, with Rs. 1,000 crore invested in 2023 alone. The space economy is projected to grow fivefold over the next decade, reaching USD 44 billion.
Dr Singh, hailed the Budget 2024-25 announcements related to the space sector as visionary, with the potential to revolutionize India’s position in global space exploration and the private space industry.
According to Department of Space, Dr Jitendra Singh highlighted that the Modi government has freed the space sector from its past limitations, with the credit going to Prime Minister Narendra Modi. He explained that for 60-70 years, the space industry operated under a self-imposed secrecy that limited access to resources and knowledge, despite India’s abundance of talent.
Dr Singh described the 2023 New Space Policy as a turning point, allowing private companies to engage in ISRO activities for the first time. Prior to this, In-SPACe was established in 2020 as a bridge between the government and private sectors, followed by the creation of New Space India Limited for the production and assembly of launch vehicles.
The Minister expressed excitement over the rapid growth of the space sector, noting that while there was only a single-digit number of startups in 2021, that figure has now risen to nearly 300, many of which have achieved global recognition.
He pointed to AgniKul Cosmos, which has set up a private launchpad within ISRO’s facilities, and Skyroot, which completed the first private sub-orbital launch. These developments have attracted attention from international players like SpaceX.
Regarding job opportunities, Dr Singh mentioned that India’s talent pool, previously limited to opportunities abroad, now has ample avenues for employment and entrepreneurship within the country.
He referenced an institute in Thiruvananthapuram that provides space technology education, with graduates previously seeing 60-70 per cent placement at NASA. Today, there are not only job prospects but also chances to launch startups, opening new pathways for livelihoods.
On upcoming ISRO missions, Dr Singh mentioned the highly anticipated Gaganyaan mission, which was delayed by COVID-19 but is now set for next year, with trial flights already in progress.
He also shared plans for a female humanoid robot named Vayumitra, scheduled to be launched into space in 2025 to perform astronaut tasks and return to Earth.
If successful, India could send a human into space by late 2025. Additionally, an Indian Space Station is planned for 2035, with the goal of landing an Indian astronaut on the moon by 2040.
ANI

 

 

BJP’s tireless efforts thwarted agenda of Pakistan & China in J&K: Tarun Chugh
Apni Party belongs to people, dedicated to serving them: Bukhari
J&K political parties slam UT admin for warning employees against protests
JDU announces new leadership appointments
J&K people demand immediate return of statehood: Hakeem

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article JKNPP remembers its founder Prof Bhim Singh
Next Article Kolkata rape and murder: Mubarak Gul demands death penalty for rapists
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

How Platforms Like A23 Rummy Are Navigating Online Gaming Regulations in India
How Platforms Like A23 Rummy Are Navigating Online Gaming Regulations in India
Sports
May 29, 2025
Pahalgam’s incident, an attack on humanity, brotherhood, says PM Modi
Developing Story National
May 29, 2025
Sikkim has emerged as symbol of richness, culture, heritage: PM Modi hails state’s developmental journey in its 50th statehood day
Breaking National
May 29, 2025
Police organises Free Medical Camp at Mujgund
Kashmir
May 29, 2025

Recent Posts

  • How Platforms Like A23 Rummy Are Navigating Online Gaming Regulations in India
  • Pahalgam’s incident, an attack on humanity, brotherhood, says PM Modi
  • Sikkim has emerged as symbol of richness, culture, heritage: PM Modi hails state’s developmental journey in its 50th statehood day
  • Police organises Free Medical Camp at Mujgund
  • “Terrorism should not be a way to address international disputes” says Shashi Tharoor

Recent Comments

  1. BASHIR AHMAD BHAT on Poor hotel accommodation, lack of medical facilities irk Kashmiri pilgrims in Saudi Arabia, video goes viral
  2. sree vishnu movies on Pahalgam attack shatters Kashmir’s film tourism revival
  3. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  4. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  5. dr gora on Women Veterinarians and the Goal of Viksit Bharat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?