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Business News/ News / India/  India's space programme is getting self-reliant: Nirmala Sitharaman
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India's space programme is getting self-reliant: Nirmala Sitharaman

State-run firms like HAL and BHEL aside, private players have also contributed a lot to the development

PM Narendra Modi with ISRO Chief S. Somanath and women scientists of ISRO. The finance minister said that scientific empowerment of women has led to breaking of the glass ceiling in ISRO (ANI/ PIB )Premium
PM Narendra Modi with ISRO Chief S. Somanath and women scientists of ISRO. The finance minister said that scientific empowerment of women has led to breaking of the glass ceiling in ISRO (ANI/ PIB )

New Delhi: In a discussion in the Rajya Sabha on Wednesday, finance minister Nirmala Sitharaman said that Indian industry has evolved the capability to design, develop and produce high-end equipment for space missions, and that the country’s programmes are increasingly getting self-reliant with a strong contribution from the private sector. "The immense potential of homegrown industries and their technology are now increasingly helping India's space expeditions," she said.

In a discussion on the subject 'India's glorious space journey marked by successful soft landing of Chandrayaan 3', Sitharaman highlighted how the government's opening up of the space sector has aided private enterprises in making big strides in the sector.

She added that while leading state-run firms like Hindustan Aeronautics Ltd and Bharat Heavy Electricals Ltd contributed innovatively to the Chandrayaan project and helped in cutting costs, numerous private sector firms in India have also contributed to this, particularly in the realms of mechanical and electronic fabrication.

The minister emphasised that advanced technology is coming not just from these state-owned entities, but also from private players and that their high-end technology has made an immense contribution to the efficiency of these projects. All the equipment used in Chandrayaan 3 was developed in India, the minister said.

The minister also explained that the government's policy that there will be no area that is shut to the private sector, has helped it in the space industry.

The finance minister pointed out that scientific empowerment of women has led to breaking of the glass ceiling in ISRO (Indian Space Research Organisation) for quite some time now, and that the Bill on reservation for women in Lok Sabha and state assemblies was an instrument through which political empowerment of women can be done. The minister sought the support of Rajya Sabha members in passing the Bill.

 

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ABOUT THE AUTHOR
Gireesh Chandra Prasad
Gireesh has over 22 years of experience in business journalism covering diverse aspects of the economy, including finance, taxation, energy, aviation, corporate and bankruptcy laws, accounting and auditing.
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Published: 20 Sep 2023, 08:00 PM IST
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