Hon’ble PM Shri Narendra Modi launches the Indian Space Association
Release/Indian Space Association (ISpA)
Oct 11, 2021
ISpA aims to contribute towards the accelerated
development of India’s space industry and making the country a leading player in
New Delhi, 11 October, 2021:The Hon’ble Prime
Minister Shri Narendra Modi today launched the Indian Space Association (ISpA) - the
premier industry association of space and satellite companies. Also present on the
occasion were Shri Ashwin Vaishnav, Union Minister of Communications, Electronics &
IT; Shri Ajit Doval, National Security Advisor of India; Dr Jitender Singh, Hon’ble
Minister of State – Department of Space; Gen Bipin Rawat, Chief of Defence Staff of
India; Shri K Sivan, Chairman, ISRO and Shri Pawan Goenka, Chairman, IN-SPACe.
Speaking on the occasion the Hon’ble Prime Minister Shri Narendra
Modi said: “Today is the day the Indian space sector receives new wings. For 75
years since independence, Indian space has been dominated by a single umbrella of
Indian government and government institutions. Scientists of India have made huge
achievements in these decades, but the need of the hour is that there should be no
restrictions on Indian talent, whether it is in the public sector or in the private
sector. In a way, the country has given a new gift to the talent of India's
entrepreneurs by opening up India's space sector in its 75th year of independence.
Let this collective power of India’s population take the space sector forward in an
organized manner. The Indian Space Association (ISpA) will play a huge role in
ISpA aims to contribute to the Government of India’s vision of
making India Atmanirbhar and a global leader in the space arena, which is fast
emerging as the next growth frontier for mankind. The association will engage with
stakeholders across the ecosystem for the formulation of an enabling policy
framework that fulfils the Government’s vision. ISpA will also work towards building
global linkages for the Indian space industry to bring in critical technology and
investments into the country to create more high skill jobs.
ISpA is represented by leading home grown and global corporations
with advanced capabilities in the space and satellite technologies. Its founding
members include Bharti Airtel, Larson & Toubro, Nelco (Tata Group), OneWeb,
Mapmyindia, Walchandnagar Industries and Alpha Design Technologies. Other core
members include Godrej, Hughes India, Ananth Technology Limited, Azista-BST
Aerospace Private Limited, BEL, Centum Electronics, Maxar India.
“The Hon’ble Prime Minister has demonstrated bold and visionary
leadership in unleashing reforms across industries and ISpA shares his vision of
making India a leader in space with a strong ‘Make in India’ element. With our large
talent pool, growing prowess of home grown technology startups and private
enterprises the country is at an inflexion point of what will be a giant leap in the
space arena. At ISpA, we look forward to working with stakeholders across the value
chain to bring one view of the industry to the table and unlock barriers to growth.”
added Sunil Bharti Mittal, Chairman, Bharti Enterprises.
Mr. Jayant Patil, Whole time Director - Defence & Smart
Technologies, is the first Chairman of ISpA and Mr. Rahul Vatts, Chief Regulatory
Officer Bharti Airtel and Director – OneWeb India is the Vice Chairman. Lt Gen. A.K.
Bhatt (Retd) is the Director General of the Association.
Speaking on the occasion Mr. Jayant Patil said: “India has the
potential to become a technology leader and frugal service provider to the global
space industry. Led by ISRO, the nation has built a formidable homegrown foundation
for the next phase of growth and even launched the lowest cost mission to Moon and
Mars. Globally, private enterprise are increasingly contributing to unlocking the
possibilities of space. ISpA aims to be a forum of the space industry in the Indian
private sector and partner the Government of India and other key stakeholders across
space industry segments in making the nation self-reliant in the area as well as to
become a global service provider. We thank the Hon’ble Prime Minister for his
blessings to this initiative.”
Lt Gen A K Bhatt (Retd.) added that “ISpA plans to work in very
close coordination with IN-SPACe to further the space vision of the Government.”
According to ISRO, the current size of the global space economy
stands at about USD 360 billion. However, India accounts for only about 2% of the
space economy with a potential to capture 9% of the global market share by 2030.
About Indian Space Association
Echoing the Hon’ble Prime Minister’s vision of Aatma Nirbhar
Bharat and encouraged by the recent reforms in the space sector carried out by the
Government, ISpA aspires to be the collective voice of the Indian Space industry.
ISpA will undertake Policy Advocacy and engage with all stakeholders in the Indian
Space domain, including the Government and its Agencies, to make India self-reliant,
technologically advanced and a leading player in the space arena.