India’s space sector is on the verge of a paradigm shift, however space technology can have to be utilized extra commercially to drive economic growth. This was mentioned by former Chief of ISRO S Somnath on Thursday.
Talking at a Confederation of Indian Trade (CII)-organized convention, the former chairman of the Indian Space Analysis Group (ISRO) cited reforms that will allow India to make the most of space technology to its full capability.
Somnath clarified that India had made important progress in space technology however that their marketing campaign had been principally restricted to authorities initiatives.
“The use of space technology has been targeted on social and authorities applications. Now it is necessary to carry it into the commercial sector and monetize it,” he mentioned. He identified that the attain of space functions in India is restricted and solely 10 % of the potential market could be achieved.
Somnath mentioned, “India is an enormous nation with 145 crore folks, however the attain of functions is very low. We’re serving solely in restricted domains.” He pressured the want to convert space technology into viable commercial alternatives. The previous ISRO chief gave examples of sectors like fisheries, the place satellite tv for pc knowledge can revolutionize conventional strategies.
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