Latest space sector News & Updates

Tel Aviv, Feb 26 (IANS) Prime Minister Narendra Modi and Israel’s Prime Minister Benjamin Netanyahu on Thursday emphasised the importance of unlocking the full potential of bilateral trade and investment between India and Israel, according to the joint statement issued after the successful conclusion of the summit. The Prime Ministers affirmed their commitment to integrating India’s and Israel’s advancements in AI, cybersecurity, semiconductors, quantum computing, biotechnology, agriculture an…

New Delhi, Jan 29 (IANS) Space services are poised for rapid expansion through commercialisation and public-private partnerships, said the Economic Survey 2025-26 tabled in Parliament on Thursday by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman.The Survey stated that the Indian space sector, valued at about $8.4 billion (around 2 per cent of the global space market), is projected to expand to $44 billion over the next decade. The growth is expected to be driven by laun…

New Delhi, Jan 19 (IANS) While the Space Policy 2023 enabled private sector participation, the next critical step is to boost fiscal, regulatory, and structural support to accelerate growth and position India among the top three spacefaring nations, said the Indian Space Association (ISpA) on Monday.The Association also outlined key private space sector recommendations for government consideration, which can help enhance domestic manufacturing, enhance national security, create high-value jobs, …

New Delhi, Jan 12 (IANS) Hitting out at the policy paralysis of the previous governments, Prime Minister Narendra Modi on Monday hailed the Gen Z’s commitment to develop India through creativity and urged young innovators to show a bigger risk-taking appetite. Addressing participants of Viksit Bharat Young Leaders Dialogue, he said, “Young innovators should move ahead with the mindset of taking bigger risks. The government is with you, and you may not need to take a backward step.”Speaking…