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'Startups have key role to play in space sector'
Millennium Post Delhi
|November 30, 2024
Private sector and startups have a key role to play as India looks to boost its space activities to grab more share of the global market, ISRO Chairman S Somanath said on Friday.
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He was speaking on ‘ISRO’s vision and the rise of India’s space Tech companies’ at the country’s flagship startup festival Huddle Global 2024, organised by Kerala Startup Mission here.
“Despite being an acknowledged space power, India’s share of global business is just two per cent at $386 billion. India plans to raise it to $500 billion by 2030 and hit $1.5 trillion by 2047,” Somanath said in his address on the second day of the startup festival at Kovalam.
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