The world recognizes India’s capabilities, potential in space technology: Jitendra Singh

Addressing the inaugural session of the G20 fourth edition of the Space Economy Leaders Meeting (SELM), the minister said, this has been possible due to the opening up of India’s space sector to private players.

The minister highlighted that after the recent visit of Prime Minister Narendra Modi to the US, India and the US have agreed to cooperate on space related activities. As a result, India will participate in the US-led Artemis program to explore the Moon and other celestial bodies. The agreement will pave the way for easing restrictions on the import of critical technologies in the space sector.

Singh said global cooperation and alliances are important in view of the growing ambition of human beings to explore outer space. An alliance of responsible space traveling nations is the need of the hour to increase the share of space economy in the global economy.

“The future development of humanity lies in our collective ability to responsibly harness, mobilize resources and use space technology to achieve the Sustainable Development Goals and improve the lives of the common man,” Singh said. “As space technology integrates various pillars of the economy under one umbrella.” Investments made here will have a multiplier effect on the overall development of countries and economies.”

“Studies have projected that the space economy will be the next trillion-dollar sector in the coming decades. Keeping in view the importance of space in the economy, India has taken steps to open up, integrate our space economy and develop alliances with other countries. Various measures have been initiated for ,” He added.

Welcoming private partners and think tanks from across the world, the Minister said that he hoped that the meeting of Space Economy Leaders of G20 countries would lead to a consensus on the use of space technologies to make a real and positive impact on the planet.

“Considering the fact that G20 countries with partner countries represented approx. Home to 85% of global GDP, 75% of world trade and 2/3 of the world’s population, the decisions we make here will have far-reaching effects on the future of the space economy, ”he said.

Singh said that India has demonstrated the application potential of space technology during the six decades of the Indian space programme.

“Today, space has touched all spheres of human life, including science and technology, telecommunications, agriculture, education, health, rural development, disaster warning and mitigation, study of climate change, navigation, defense and governance,” he said. Are.” ,

UPDATE: July 06, 2023, 03:53 PM IST