ISRO chief urges industry houses to take plunge in space sector

ISRO chairman S Somanath on Tuesday urged industry houses to invest in the space sector in a big way to build rockets and allied systems for India to emerge as a space power by 2047.

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Addressing the Indian Space Conclave here, he voiced concern over the "elusive" investments in the upstream sector of the space industry comprising launch vehicles, hardware and software for ground-based stations, telemetry, tracking and command stations. He said the share of the Indian space economy in the global market was very low and there was a need to encourage and inspire the next generation of leaders to come into the sector and create a vibrant activity.