Industry requests more finance, clarity on India’s space policy

Decisive government will play role of enabler, says PM at launch of Indian Space Association

Industrialists told Prime Minister Narendra Modi on Monday that for the space industry to grow, the Government should help small and medium sector enterprises (SME) access more capital as well as move faster on finalising its space policy.

The industry leaders were speaking at the inauguration of the Indian Space Association, an organisation meant to represent the interests of the Indian space sector with government and private sector bodies across the board including the Indian Space Research Organisation, Walchandnagar Industries, TATA Nelco, Pixxel, Mapmy India and Bharti Airtel.

In his address, Mr. Modi said his government was “the most decisive one in history” and that in sectors where the government “wasn't needed” the private sector ought to be stepping in. He cited the example of the recent decision of the government giving up its stake in Air India to a Tata group company.