Union Minister of State for Space Jitendra Singh addressed the precursor event of the G20 Space Economy Leaders Meeting, stating that India is an emerging space economy and has built end-to-end capability in space technologies. He also mentioned that there is a huge demand for space-based services with significant commercial potential. The Indian government has opened up the space sector for private participation and will help companies to enhance their participation in end-to-end space activities with the support of ISRO. Increased private industry participation will result in an increased contribution of India in the global space economy. The G20 sherpa of India, Amitabh Kant, suggested that the G20 countries should collaborate on three key areas: manufacturing, energy, and mining in space. Meghalaya Chief Minister Conrad K Sangma said that the Indian Space Policy 2023 will encourage more start-ups to enter the sector and make investments.
With all states of the Northeast hosting G20 events, Sangma said the region was contributing to the overall economic activity of the country. He lauded the North Eastern Space Application Centre for assisting the state in forecast rainfalls, allowing it to prepare for floods. It’s great to see that the Indian government is opening up the space sector to private companies and encouraging entrepreneurship in this field. The statement from Meghalaya Chief Minister Conrad K Sangma is also encouraging, as it suggests that the new policy will help young entrepreneurs and create opportunities for economic growth in the Northeast region of India. It’s also interesting to see how space technology is being used to prepare for natural disasters like floods, showing the potential for space-based services to have a positive impact on people’s lives.
