1 week ago
Modi Assures Indian Space Startups Of Stable Government Policies
Prime Minister Narendra Modi met leaders of Indian space startups.
He told them that the government would try to keep its rules clear and steady.
This can help companies plan their work and spend money without fear of sudden policy changes.
He praised the entrepreneurs for taking risks in a new industry.
Modi said companies would be responsible for their own mistakes.
He also said the government would not suddenly stop supporting them.
The meeting took place on National Space Day.
That day remembers Chandrayaan-3 landing near the Moon’s south pole in 2023.
Prime Minister Narendra Modi assured Indian private space companies that government policies would remain stable and clear.
Modi met founders and CEOs of 20 Indian space-tech companies at Seva Teerth on National Space Day.
He said consistent rules would help companies invest, innovate and take business risks with greater confidence.
Modi said entrepreneurs would remain responsible for their mistakes, but the government would not suddenly withdraw support or change policies.
National Space Day marks Chandrayaan-3’s successful landing near the Moon’s south pole on August 23, 2023.
- Who
- Prime Minister Narendra Modi and the founders and CEOs of 20 Indian space-tech companies.
- What
- Modi assured private space companies of stable government policies and support for entrepreneurship.
- Where
- At Seva Teerth in New Delhi.
- When
- On National Space Day; the articles identify the day as marking August 23, 2023, but do not provide the meeting’s calendar date.
- Why
- To give space startups confidence to invest, innovate and take risks in India’s growing space sector.
Key facts
- Companies represented
- Founders and CEOs of 20 Indian space-tech companies
- Government commitment
- Policies should remain clear, consistent and stable
- Sector
- India’s growing private space sector
- Occasion
- National Space Day
- Chandrayaan-3 milestone
- Successful landing near the Moon’s south pole on August 23, 2023
- Modi’s message
- Companies are responsible for their mistakes, while the government should not suddenly change policies or withdraw support
Quotes
Narendra Modi
Prime Minister of India
“You have shown courage in entering a new sector and, most importantly, you have trusted the government.”
thehansindia.com
“Met India’s brightest space StartUps. As always, came away impressed by their energy and ambition.”
thehansindia.com
Sources
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