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  • 2 days ago
New Delhi, June 25, 2025 (ANI) : Union Minister Jitendra Singh lauded India’s transformational space revolution under Prime Minister Narendra Modi’s leadership. "I think one of the greatest turning points in India's space journey has been PM Modi's pathbreaking decision to allow the private sector to step in. The change has been miraculous. The transformation in last 4-5 years - there are thousand crores of investment happening from the private sector...Our future projections indicate that in about 8-10 years we might go up to 4-5 times more higher, about 40-45 billion US dollars. So, opening of the space for private sector was a very courageous decision which could have been taken only by a political dispensation with a tremendous amount of conviction and willpower”, he said in a statement.

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00:00I think one of the greatest turning points in the India space journey has been Prime Minister Modi's
00:06path-breaking decision to allow the private sector to step in. And the change has been miraculous,
00:11the transformation the last four or five years. There are thousands and thousands crores of
00:15investment happening from the private sector, which is reflected in the fact that we were
00:19virtually a dismal space economy. Today we are 8 billion US dollar and our future projections
00:26indicate that in just about 8-10 years we might go up to 4-5 times more higher, that means
00:31about 40-45 billion US dollar. So the opening up of space for the private sector was a very
00:40courageous decision, which could have been taken only by a political dispensation with a tremendous
00:46amount of conviction and willpower. And I am glad we had someone like Prime Minister Modi
00:51in place who enabled us to do that.

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