HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India to play lead role in rebuilding economy in post-COVID era: Jitendra Singh
Nov-27-2020

Union Minister Jitendra Singh has said that India will play a lead role in rebuilding economy in the post-COVID era and the way the country's scientific community rose to the challenge of the pandemic is a testimony to this.  He said the government's continuous focus on innovation and skilling will go a long way in the holistic development of the country.

Dwelling on the importance of harnessing of space technology for greater common good, the minister said though India was a late starter in the space journey, in the last four-five years, space technology has become part of infrastructure building and promotion and its benefits have reached every household. He referred to some of the path-breaking historic reforms in the Department of Space under the leadership of Prime Minister Narendra Modi, saying possibly for the first time in the history of Independent India, future projects for planetary exploration, outer space travel etc. will be open for the private sector.

Singh said this is also a part of the Modi government's ‘Atma Nirbhar’ roadmap towards self-reliant India, which envisages the initiative to boost private sector participation in space activities. He noted that private companies will be provided a level playing field in satellite launches and space-based activities. He also said with the creation of Indian National Space Promotion and Authorisation Centre (IN-SPACe), there will be a mechanism in place and the private sector will be allowed to use ISRO's facilities and other relevant assets to improve their capacities.

  RELATED NEWS >>