In a bid to incorporate private participation in space technology, India would soon unveil a new policy, said Principal Scientific Advisor Ajay Kumar Sood. With this the country would see the rise of India’s own ”SpaceX-like ventures”, he said.
In an interview to PTI, the government’s top science advisor said consultations have taken place and the final version of the space policy would soon be referred to the Empowered Technology Group for further examination.
According to industry estimates, the global space economy is pegged at 423 billion dollars with India constituting two to three per cent.
Morgan Stanley estimates that the global space industry will expand up to one trillion dollars by 2040.
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