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Science
Modi says India can swiftly secure a bigger role in global space sector
✍️ Hindustan Times
🗓 24 Aug 2026, 06:38 AM
👁 3
Prime Minister Narendra Modi urged private space companies to create an ecosystem that draws global talent and investment, as India aims for a larger share of the worldwide space economy.
Prime Minister Narendra Modi highlighted that India is capable of establishing a significant presence in the global space arena "very quickly". Speaking at a recent forum on the country's space ambitions, he called on private space firms to develop an ecosystem that can attract world‑class talent and capital.
Modi stressed that a vibrant private sector is essential for India to move beyond its traditional government‑led programmes and compete internationally. He urged entrepreneurs to collaborate, innovate and build facilities that meet global standards, thereby positioning India as a hub for space technology.
The prime minister reiterated the government's objective of securing a larger slice of the rapidly expanding global space economy. By fostering investment and expertise, India aims to translate its scientific capabilities into commercial opportunities and strengthen its standing among space‑faring nations.
Analysts view the speech as a clear signal that policy support for private space initiatives will intensify, aligning with broader economic reforms aimed at boosting high‑technology exports and job creation.
Modi stressed that a vibrant private sector is essential for India to move beyond its traditional government‑led programmes and compete internationally. He urged entrepreneurs to collaborate, innovate and build facilities that meet global standards, thereby positioning India as a hub for space technology.
The prime minister reiterated the government's objective of securing a larger slice of the rapidly expanding global space economy. By fostering investment and expertise, India aims to translate its scientific capabilities into commercial opportunities and strengthen its standing among space‑faring nations.
Analysts view the speech as a clear signal that policy support for private space initiatives will intensify, aligning with broader economic reforms aimed at boosting high‑technology exports and job creation.