The world today acknowledges India’s quantum leap in the Space sector, following the massive push by Prime Minister Narendra Modi when he took the courageous decision to "unlock" this sector from the shackles of the past. Prime Minister Modi has broken the taboos of the past and sometimes I wonder why this couldn’t have happened earlier. At the same time, even at the physical level, it has increased funding, it has enthused the private sector and the industry. Within just 3-4 years we have more than 150 Startups.
This is what Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has said in an interview to a news channel. Dr Jitendra Singh said ISRO has launched more than 380 foreign satellites, earning more than 250 Million Euros and more than 170 Million US Dollars by launching American satellites.
“Overall, India’s Space economy today stands at about $ 8 billion, viz 2% of the global (market share) but the entire world is recognizing increased pace and that’s why the conservative projections are $40 billion by 2040, but the other day, about 2-3 days back, we had the ADL (Arthur D Little) Report, which mentions that we could have the potential of $100 Billion by 2040, which is going to be a gigantic jump. And that’s what the world is now expecting, because we’ve started moving very fast, our launchings are also very frequent,” he said.
Dr Jitendra Singh said the ambitious Gaganyaan will have its first trial flight by the first or second week of October following the launch of first Sun Mission “Aditya-L1” on 2nd of September. In the second trial, possibly beginning of next year, a female robot named “Vyommitra” will be onboard the Gaganyaan before the first human mission which may include up to three astronauts, he said.
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