(MENAFN- KNN India) New Delhi, Oct 25 (KNN)
Minister for Space and Atomic Energy Jitendra Singh on Tuesday said that within a short span of time the number of space startups has gone up from a mere single digit to over 150.
During his visit to the newly setup facility of Skyroot in Hyderabad, the minister added that the unshackling of space sector by Centre has led to a startup boom
in the country.
Speaking on the occasion, Singh said that Skyroot is not only an example of India's superlative talent and scientific acumen but it also has message for all of us that a huge potential was lying dormant for several decades.
Skyroot Aerospace was the first space startup to have launched a private rocket from ISRO station at Sriharikota last year after the space sector was thrown open to private players over three years ago. It is India's largest private rocket development facility under a single roof.
"The success of Skyroot is an inspiration to India's vast youth talent pool aspiring to set up their own Startup ventures, especially in new and emerging sectors including Space, BioTech, Agriculture and Energy,” Singh said.
Stating that the "Anusandhan National Research Foundation" (NRF) will pave the way for a greater PPP model in scientific research, the minister said the NRF will catapult us to the league of a handful of developed nations pioneering new research in new frontiers.
“NRF budget envisions a spending of Rs 50,000 crore over five years, out of which a major share of Rs 36,000 crore, over 70 per cent, is estimated to come from non-government sources, from industry and philanthropists, from domestic as well as outside sources,” he said.
(KNN Bureau)
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