PM Modi to launch ‘Indian Space Association’
Prime Minister Narendra Modi, is set to digitally launch the ‘Indian Space Association’ (ISpA) on October 11, 2021.
Highlights
- Indian Space Association (ISpA) is the premier industry association of space and satellite companies.
- ISpA is represented by leading home grown and global corporations having advanced capabilities in space & satellite technologies.
- Founding members of ISpA include Nelco (Tata group), Bharti Airtel, Larsen & Toubro, Mapmyindia, OneWeb, Walchandnagar Industries and Ananth Technology Limited.
- Core members include BEL, Godrej, Hughes India, Centum Electronics, Azista-BST Aerospace Private Limited and Maxar India.
Function of ISpA
In line with the Prime Minister’s vision of Atma Nirbhar Bharat, ISpA aspires become the collective voice of Indian Space industry. It will undertake Policy Advocacy as well as engage with all the stakeholders in Indian Space sector. It will also engage with the Government and its Agencies for making India self-reliant, technologically advanced and a leading player in space sector.
India’s space industry
Space industry of India is driven by the Indian Space Research Organisation (ISRO). Space industry comprise of more than 500 private suppliers and other various bodies from Department of Space. There are comparatively low independent private agencies. However, private sector has been gaining an increased role since 21st century. Space industry of India accounted for $7 billion in 2019 that is 2% of the world’s space industry.
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Month: Current Affairs - October, 2021