HomeNewsIndiaISRO chief S Somanath calls on big industries to build space companies in India

ISRO chief S Somanath calls on big industries to build space companies in India

The ISRO chairman said that India must build leading space companies, not just service providers

November 05, 2024 / 14:22 IST
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Indian Space Research Organisation (ISRO) Chairman S Somanath
Indian Space Research Organisation (ISRO) Chairman S Somanath

Indian Space Research Organisation (ISRO) Chairman S Somanath called on major industries to invest in space infrastructure manufacturing, stressing the need to build leading space companies in India.

While the country has done well in the downstream sector, focused on space applications, Somanath highlighted India's lag in the upstream segment, which focuses on the manufacturing of space hardware, propulsion systems, and space exploration.

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"The challenges in the upstream side, building big platforms, building rockets and launching them remains very elusive primarily because of the higher investment required, the technology risks, the possibility of failures, recovery," Somanath said, speaking on the inaugural day of the Indian Space Association's third India Space Conclave.

"There are industries and startups happening but their ability to scale up to a level, become competitive enough to challenge established players remains to be seen. Here is where the roles of bigger industry houses in India need to come in," he added.