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Delhi :Three-day conference to discuss Indian space sector,& focus on indigenous capacity building

The Global Space economy which is valued at US$385 Billion in 2020 is expected to grow to US$428 Billion by 2028, as per the findings by the renowned consulting firm “EuroConsult”.

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New Delhi: As India looks at increasing its capabilities in the space sector and giving a push to domestic industry, a three-day conference is set to be held to discuss topics like research, building capabilities, and manufacturing in the space sector.

Aiming to push indigenous space capabilities, the second International Space Conference and Exhibition (ISCE) is being held between September 13-15, with a focus on ‘Building NewSpace in India’.

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A statement said the event, jointly organised by the Confederation of Indian Industry (CII), in association with the Indian Space Research Organization (ISRO), the Antrix Corporation Limited and NewSpace India Limited (NSIL), is aimed towards facilitating and strengthening Indian industry.

The Global Space economy which is valued at US$385 Billion in 2020 is expected to grow to US$428 Billion by 2028, as per the findings by the renowned consulting firm “EuroConsult”.

This growth is enabled by growing demand for space-based services, lowering of costs, miniaturization and access to technology, liberal funding and enabling regulations around the world.

While India has a minuscule two per cent share in the global space business, the statement said it holds great promise as a destination for increased Space commerce and also as a manufacturing hub.

A new regulatory body- the Indian National Space Promotion and Authorisation Centre (IN-SPACe), launched by the Government last year, is among steps taken towards promoting the domestic space sector.

The three day International Conference would deliberate on topics like Research Collaborations and Building Technological Capabilities for Industry in Space, Business Models for enabling industry participation, Can India be a hub for Space Manufacturing, drivers for growth for Start-ups in Space sector etc where Speakers from global space agencies and industry would put forth their views, developments, solutions and agendas for future.

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