Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space said in Hyderabad today that “unshackling” of the Space sector by Prime Minister Narendra Modi has led to StartUp boom, as a result of which, within a short span of just about four years, the number of Space StarUps has gone up from a mere single digit to over 150, with some of the earlier ones like the “Skyroot” turning into lucrative entrepreneurs. During a visit to the newly setup facility of Skyroot in a premises of 60,000 Square Feet in Hyderabad which is possibly India’s largest rocket factory in private sector, Dr Jitendra Singh said, Skyroot is not only example of India’s superlative talent and scientific acumen but it also has message for all of us that a huge potential was lying dormant for several decades before Prime Minister Narendra Modi came and broke the taboos of the past and opened India’s Space Sector for Public Private Partnership (PPP).
Skyroot Aerospace” was the first Space StartUp to have launched a private rocket from ISRO station at Sriharikota last year after the Space sector was thrown open to private players over three years ago. Headed by two IITians, Pawan and Bharat, they have now set up India’s largest Rocket developing facility with updated technology. It has capacity to develop cost effective rocket, on demand. Referring to Amritkaal and Prime Minister’s vision for “India@2047”, Dr Jitendra Singh said, the value addition to India’s economy is going to come from hitherto unexplored sectors including the Space sector. From that point of view, he said, the Space economy is going to make a significant contribution to the nation’s economy when Independent India celebrates its 100th Independence Day and will be a frontline nation of the world. “Over the last 9 years the country has made rapid strides in every area of Science & Technology, thanks to the enablem leadership of the Prime Minister Narendra Modi,” he said. Skyroot is India’s largest private rocket development facility under a single roof.
