PM Modi launches Skyroot’s facility in Hyderabad, says Indian space sector attractive for investors

Skyroot’s state-of-the-art facility will have around two lakh sq.ft. workspace for designing, developing, integrating and testing multiple launch vehicles, with a capacity to build one orbital rocket every month.Skyroot is India’s leading private space company, founded by Pawan Chandana and Bharath Dhaka, both IIT alumni and former scientists of ISRO.In November 2022, Skyroot launched its sub-orbital rocket, Vikram-S, becoming the first Indian private company to do so.The rapid rise of private space enterprises is a testament to the success of the transformative reforms carried out by the NDA Government in the last few years, reinforcing India’s leadership as a confident and capable global space power, an official release had earlier said.In his address, Modi recalled that India’s space journey started with limited resources, but its ambitions were never limited.For decades, ISRO has given new wings to the country’s space journey, he said, and stressed that credibility, capacity, and value have established India’s distinct identity in the sector.The space agency’s facilities and technologies were made available to the startups, he said, pointing out that India’s space sector has been transformed into an open, cooperative and innovation-driven eco-system in the last six-seven years.He said India’s youth always place national interest above all and make the best use of every opportunity.Modi said when the government opened the space sector, the country’s youth, especially the Gen-Z generation, came forward to take full advantage of it.”Today, over 300 Indian space startups are giving new hopes to India’s space future. Most of these space startups began with small teams—sometimes two people, sometimes five, sometimes in a small rented room—with limited resources but with determination to reach new heights. I had the opportunity to meet them,” he said, adding this spirit gave birth to the private space revolution in India.The Prime Minister said today, Gen Z engineers, Gen Z designers, Gen Z coders and Gen Z scientists are creating new technologies.Be it the propulsion system, composite materials, rocket stages, satellite platforms, India’s youth are working in areas that were unimaginable a few years ago, he said.India possesses space sector capabilities that only a few countries in the world have, the Prime Minister said emphasising that its space capability is both cost-effective and reliable, which is why the world has high expectations from the country.He remarked that global companies want to manufacture satellites in India, avail launch services and seek technology partnerships, and stressed that the nation must make the most of this opportunity.He highlighted that over the past decade, a new wave of startups has emerged across diverse sectors such as FinTech, AgriTech, HealthTech, ClimateTech, EduTech and DefenseTech, with India’s youth, particularly the Gen-Z generation, providing innovative solutions in every field.Modi further said that more than 10,000 Atal Tinkering Labs have already been set up to instill a spirit of research and innovation among students, and added that work is underway to establish 50,000 new labs in the coming days.



Source link