Industry calls for active efforts to drive growth in Indian space sector

The 3rd edition of the Indian Space Conclave, organized by Indian Space Association (ISpA), commenced with the plenary session graced by Hon’ble Minister Dr. Jitendra Singh, Union MoS (Ind. Charge) Science & Technology; Earth Sciences; MoS PMO, PP/ DoPT, Atomic Energy, Space, Dr S Somanath, Secretary, Department of Space and Chairman, ISRO; Ambassador Hervé Delphin, Ambassador of the European Union to India and Bhutan; Jayant Patil, Chairman, ISpA; and Lt. Gen. AK Bhatt, Director General, ISpA.

In the session, the dignitaries brought forward the opportunities and challenges in the Indian Space Industry. In the session, Hon’ble Shri Jitendra Singh announced that ISRO will be launching the European Space Agency Satellite next month and with this India and European Union will reach out to the Sun. The Hon’ble MoS Jitendra Singh also felicitated the industry players with the ISpA Space Awards for their excellence and innovations in the Indian space sector.

The Indian Space Conclave is being organized from 5th-7th November 2024 in New Delhi, is bringing together a distinguished assembly of government, industry, and academic leaders to chart the future of India’s space sector. The three-day conclave will feature high-level discussions on commercialization, global partnerships, satellite communications, and human spaceflight, as well as strategies to overcome financing and manufacturing challenges within the sector.

On the second day, the conclave will focus on telecom and satellite communication featuring the participation from Dr. Chandra Sekhar Pemmasani, Union MoS for Rural Development and Communications; Dr Neeraj Mittal, Secretary, DoT; Shri Anil Kumar Lahoti, Chairman TRAI; Prof. T.G. Sitharam, Chairman, AICTE; Dr. Madhu Arora, Member (Technology), DoT.

In his welcome address, Shri Jayant Patil, Chairman, Indian Space Association (ISpA) said, “India's space sector has transformed into an engine of economic growth and innovation, fueled by ISRO's unparalleled efficiency and the collaborative spirit with our dynamic startups. With every rupee invested returning over 2.5 times to our economy, and over $60 billion added to GDP in the last decade, this sector is driving significant technological advancement and job creation. As we soar beyond the sky, we envision India's space industry achieving exponential growth and contributing significantly by the 100th year of our independence.”

Dr. Jitendra Singh, Union MoS (Ind. Charge) Science & Technology; Earth Sciences; MoS PMO, PP/ DoPT, Atomic Energy, Space said, "In the last few years, India has undergone a remarkable transformation in its space sector. India's journey in space sector has transitioned from one of observation to one of the potential leader. Once perceived as a follower, we have now established ourselves as a front-line nation in scientific and technological achievements. This shift has been fueled by a series of groundbreaking missions and innovative partnerships that have garnered international respect and collaboration. We are no longer waiting for technologies to be handed down to us; we are now innovators in our own right, developing solutions that are shaping global standards. The sense of confidence that permeates our space endeavors is a reflection of our commitment to excellence and our vision for a self-reliant India. As we prepare for the challenges of the future, including exciting prospects like space tourism and lunar exploration, we must continue to cultivate our scientific talent and foster an environment conducive to innovation. By doing so, we will ensure that India remains at the forefront of global advancements, inspiring future generations to dream bigger and reach further."

Dr S Somanath, Secretary, Department of Space and Chairman, ISRO said, "India’s Vision 2047 marks a historic, long-term commitment to transforming our space program and expanding our space economy. Under strong government leadership, we’ve moved from announcements to concrete projects, defining a future where space drives economic growth, national security, and technological innovation. We have almost 450 companies which now contribute to our capabilities in launching and building satellites, but realizing our vision requires new players, inspired young talent, and a thriving startup ecosystem. With policies that enhance data accessibility, we’re enabling space-based applications to support sectors like agriculture and finance, aiming to create a robust, multifaceted space ecosystem. Our goal of landing an Indian on the moon by 2040 underscores our dedication to human space exploration and serves as a powerful inspiration for the next generation. This mission not only expands our technical prowess but also fosters growth across high-tech industries like electronics and bio-pharmaceuticals. To achieve this, large-scale investment from both the government and private sector is essential, signaling India’s readiness to be a globally competitive, independent force in space. With strategic partnerships and a united vision, we are poised to make India a leader in space innovation, ensuring a vibrant, self-reliant space sector for decades to come."

Ambassador Hervé Delphin, Ambassador of the European Union to India and Bhutan said, "India and the EU are natural partners in space, both aiming for strategic autonomy in navigation, Earth observation, and communication technologies. With a shared vision for peaceful space use, we see immense potential for joint projects in climate monitoring, cybersecurity, and exploration. This vision includes enhancing space governance, with a focus on areas like space traffic and debris management to prevent collisions and support long-term usage. Space diplomacy is crucial as well, and the EU seeks deeper collaboration with India through forums like the UN Committee on the Peaceful Uses of Outer Space, fostering responsible practices and preventing destabilizing actions, such as anti-satellite tests. As we prepare for the 2025 EU-India Summit in Delhi, we have a unique opportunity to strengthen our partnership. Through high-level dialogue and joint initiatives, we can secure a collaborative, responsible future for space, building a legacy for generations to come."

Lt. Gen. AK Bhatt, Director General, ISpA thanked the distinguished guests from US Space Command, Axiom Space and various embassies who were present at the inaugural day of the conclave.

Ove the three days of the forum, the conclave will also explore critical challenges such as financing models, domestic manufacturing, and a sustainable supply chain for the space sector, with sessions focused on IN-SPACe’s efforts to streamline regulations and enhance access to ISRO facilities for private companies. The conclave is expected to attract over 1,500 delegates, including policymakers, business leaders, researchers, entrepreneurs, and students.