‘De-regularise’: ISRO chief says THESE factors could make India a satellite manufacturing hub
S Somanath has emphasised on the need to de-regulate controls in the space sector to foster improved growth. The scientist has said that unnecessary controls impedes the progress of the space sector.
He also attributed India's significant progress in the space industry to the opening up of the sector. Somanath highlighted that the involvement of the private sector in space science development has led to remarkable expansion in India's satellite-building capabilities.
"Earlier, it was only ISRO for the development and production of satellites, launch vehicles, and related technologies. ISRO has only 17,000 people and a budget of ₹13,000 crore.
It remained so for all these years," Somanath said. He said that India now has more than 130 startups in the space sector, with some companies boasting a workforce of 400 to 500 employees and a turnover ranging from ₹500 to 1000 crores.
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