Indian space economy is projected to touch USD 44 billion in next decade: Jitendra Singh
Union Minister of State (independent charge) for Science and Technology, Dr. Jitendra Singh has said the Indian space economy has grown to $8 billion and is projected to touch $44 billion in the next decade.
Singh said milestones like the indigenous Gaganyaan Mission, the upcoming Chandrayaan-4 (2027), Shukrayaan (2028), and the Indian Space Station (2030) showcase India’s robust trajectory.
He lauded startups and FDI for fuelling innovation, with missions like SPADEX enabling docking capabilities, marking a leap in technological advancement.
The Vyom Mitra robo mission was highlighted as a precursor to human space exploration.
Jitendra Singh claimed that Biomanufacturing and bio foundries will foster the Fourth Industrial revolution.
“India’s bio-economy, backed by abundant resources from the Himalayas to its shores, was spotlighted as a growth driver," Singh said.
He added that India is one pioneer country who has prepared its BIO-E3 policy.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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