Prime Minister Narendra Modi has said that the government is moving towards opening up the nuclear sector for private players. Highlighting the expansion of private entities in Space sector, Mr Modi said, the scope of reforms is continuously increasing. Mr Modi said this after inaugurating the Skyroot’s Infinity Campus in Hyderabad, Telangana through video conferencing from New Delhi. He underlined that this reform will give new strength to India’s energy security and technological leadership. Prime Minister emphasized that a strong role for the private sector is being laid in this sector, which will create opportunities in small modular reactors, advanced reactors, and nuclear innovation.
Prime Minister Modi said that India’s space sector is becoming an attractive destination for global investors. Mr Modi highlighted that government has undertaken several historic reforms in India’s space sector. He said, government has opened the space sector for private innovation, enabling startups and industry to work closely with country’s scientific ecosystem. Mr Modi highlighted that in the coming years, the global space economy is set to grow manifold and will open tremendous new opportunities for young people of the country.
He said, in the last six to seven years, India has transformed its space sector into an open, cooperative and innovation-driven ecosystem. He said, today, over 300 space startups are providing new hope to India’s space future. On the occasion, Prime Minister unveiled Skyroot’s first orbital rocket, Vikram-I, with capability to launch satellites to orbit.
