In a significant development, India’s Space sector is booming with StartUps, providing a source of inspiration for young innovators and entrepreneurs. Union Minister Dr. Jitendra Singh recently visited Skyroot Aerospace, a leading player in this arena, and shared exciting news about the growth of Space StartUps.
Over the past four years, thanks to the Prime Minister’s vision, the Space sector in India has been “unshackled,” allowing private enterprises to take off. This newfound freedom has led to a remarkable increase in Space StartUps, from just a handful to over 150. Skyroot Aerospace is one such success story that has transitioned from a small venture to a thriving business.
Skyroot Aerospace is currently operating out of a 60,000 square feet facility in Hyderabad, making it one of India’s largest rocket factories in the private sector. Led by two brilliant IIT graduates, Pawan and Bharat, the company aims to develop cost-effective rockets on demand. They recently launched India’s first private rocket from the ISRO station at Sriharikota, marking a historic achievement.
Dr. Jitendra Singh emphasized the incredible potential that was dormant for decades in India’s Space sector until Prime Minister Narendra Modi ushered in a new era of Public Private Partnership (PPP). The growth in this sector is seen as a valuable addition to India’s economy, contributing significantly as the nation approaches its 100th Independence Day in 2047.
Vikram-1, the orbital rocket unveiled by Skyroot Aerospace, is another feather in India’s cap. Since the opening of the Space sector to private players in 2020, the country has continued to achieve groundbreaking milestones. Skyroot’s success serves as an inspiration to India’s youth, encouraging them to consider Space, Biotech, Agriculture, Energy, and other emerging sectors for their StartUp ventures.
Dr. Jitendra Singh credited Prime Minister Modi for India’s global recognition in the fields of Science, Technology, and Innovation, with Indian StartUps in high demand worldwide.
He also paid homage to Dr. Vikram Sarabhai, the founding father of India’s Space Program, whose vision was to make ISRO a national asset. Dr. Singh highlighted that, under the leadership of Prime Minister Modi, India’s young talents have been given the opportunity to spread their wings and explore new horizons.
In addition to the Space sector, Dr. Jitendra Singh spoke about the Anusandhan National Research Foundation (NRF), which aims to foster greater Public Private Partnership in scientific research. The NRF’s budget anticipates significant contributions from non-government sources, both domestic and international, to drive groundbreaking research in various fields.
This remarkable growth in the Space sector and the success of StartUps like Skyroot Aerospace are great news for India’s youth. It shows that with determination, innovation, and hard work, they too can aspire to reach for the stars and make their mark in this exciting field of Space exploration. The future of Space is indeed looking bright, and the journey is just beginning. Youngsters, educators, and parents, take note and be inspired to explore the limitless possibilities in the world of Space!
Credits: Press Information Bureau
