Union Minister of State For Science and Technology Jitendra Singh said global cooperation and alliances vital to exploration of the outer space.
“Future of humanity lies in our collective ability to utilise space technology towards achieving SDGs and improving the lives of common man”
Union Minister of State For Science and Technology Jitendra Singh inaugurates the G20 4th Space Economy Leaders Meeting (SELM) in Bengaluru
Bengaluru, NFAPost: Union Minister of State For Science and Technology Jitendra Singh said with over 140 Space StartUps within a short span of time, India has gained sound footing and the entire world has begun to acknowledge India’s capabilities and her potential in Space Technology.
Addressing the inaugural session of the G20 4th edition of Space Economy Leaders Meeting (SELM), Union Minister of State For Science and Technology Jitendra Singh said the credit goes to Prime Minister Narendra Modi who opened up India’s Space Sector to private players which has enabled a quantum jump in the last few years.
“Even though India began its Space journey several years later compared to some other countries, yet it is India today which is offering vital clues and inputs for the benefit of world’s leading Space agencies, he said,” said Union Minister of State For Science and Technology Jitendra Singh.
The Minister pointed out that the very fact that during Prime Minister Narendra Modi’s recent visit to USA, Space related agreements comprised major component of the agenda is an indication that even the countries which claim to be pioneers in Space technology are today looking up to India for value addition in their Space related activities.
Lauding the private sector, Union Minister of State For Science and Technology Jitendra Singhtermed their emerging role as “pivotal” to the space economy.
He said global cooperation and alliances are vital in the light of growing ambition of humans to explore outer space. An alliance of responsible space faring nations for enhancing the share of space economy in the global economy is the need of the hour, he said.
“The future development of humanity lies in our collective ability to responsibly harness, pool resources and utilise space technology towards achieving sustainable development goals and improving the lives of common man,” said Union Minister of State For Science and Technology Jitendra Singh.
The Minister also pointed out an alliance of responsible space faring nations for enhancing share of space economy in the global economy is the need of the hour, as rightly captured by the theme of this event.
“This aptly captures India’s G20 theme of “One Earth, One Space, and One Future” as we say in Sanskrit language ‘Vasudhaiva Kutumbakam’,” he added.
The Minister said since space technology integrates various pillars of economy under one umbrella, the investments made here will have a multiplier effect on overall development of countries and economies.
“Studies have forecast that the space economy will be the next trillion-dollar sector in the coming decades. Considering the importance of space in the economy, India has embarked upon various measures to open up, integrate our space economy and develop alliances with other countries,” said Union Minister of State For Science and Technology Jitendra Singh.
Welcoming the private partners and think tanks from across the globe, India’s S&T Minister hoped the Space Economy Leaders Meeting of G20 countries will lead to convergence on use of space technologies to have a real and positive impact on the planet.
“Considering the fact that G20 countries along with partner countries represents the approx. 85% of global GDP, 75% of world trade and 2/3rd of world’s population, the decisions we take here will have a far reaching impact on the future of the space economy,” said Union Minister of State For Science and Technology Jitendra Singh.
Union Minister of State For Science and Technology Jitendra Singh said India has demonstrated the application potential of space technology during 6 decades of Indian space programme.
“Today, space has touched all walks of human life, including science & technology, telecommunication, agriculture, education, health, rural development, disaster warning & mitigation, studying climate change, navigation, defence & governance to name a few,” he said.
Heads of National Space Agencies, leaders of space industries of G20, Senior diplomats of G20 nations and invited countries and other dignitaries are attending the two-day Meeting.
Dhruva Space Head – Strategy & Special Projects Kranthi Chand said keeping in mind that this year’s G20 Space Economy Leaders Meeting is themed ‘Towards a New Space ERA (Economy, Responsibility, Alliance)’, the issues discussed at scale and in depth at the Bengluru edition marks a melding of minds of both international space agencies and global players of the private sector.
“We are very grateful for the platform Dhruva Space has received to also showcase our full-stack Space offerings in the satellite domain, once again conveying that Space and Satellites are essential tiers in our everyday lives on Earth. With Dhruva Space having just completed three successful Space missions – including our Thybolt Mission – in less than a year, we are very optimistic of what the ’Space Rush’ has to offer New Space companies from India looking to support global requirements,” Dhruva Space Head – Strategy & Special Projects Kranthi Chand.
Speaking to NFAPost, AZISTA Business Development Officer Abdul said AZISTA is a satellite mass manufacturers and the company launched its first satellite three weeks back, on 13June 2023.
“G20 has been a great platform to network and connect to global enterprises to pitch our solutions.
This might also lead to joint collaboration and hopefully successful business,” said AZISTA Business Development Officer Abdul.
Kepler Aerospace Cofounder and Director Kiran Sharma said the G20 space economy leaders meeting has been a great opportunity for all G20 delegates from the space industry to get to meet in person and build relationships.
“These relationships that have been forged at this event will provide the framework for future collaboration in space missions. The G20 Space Economy Leader Meeting brings together visionary minds, fostering collaboration and innovation. The collective Vision of going up and beyond opens up a vast frontier of economic growth and human advancement,” said Kepler Aerospace Cofounder and Director Kiran Sharma.
