• Latest

Space sector as business opportunity

May 2, 2023
Injured Sundar ruled out of NZ series

Injured Sundar ruled out of NZ series

January 15, 2026
Industry Minister Piyush Goyal

NITI Aayog unveils blueprint to empower MSMEs

January 15, 2026
export

India’s merchandise exports rise to $38.51 billion in December

January 15, 2026
Supreme Court

SC stays Bengal Police FIRs against ED officers, issues notice to Mamata

January 15, 2026
Djokovic, Sinner in same half of draw in Australian Open

Djokovic, Sinner in same half of draw in Australian Open

January 15, 2026
RBI

RBI issues norms for internal ombudsman in banks, NBFCs

January 15, 2026
airport

Air India, IndiGo reroute flights as Iran airspace closes

January 15, 2026
Elon Musk

Musk denies Grok generated sexualised images of minors

January 15, 2026
donald-trump

Iran killings have stopped, no plan for executions: Trump

January 15, 2026
Kohli dethrones Rohit to reclaim top spot in ODI rankings

Kohli dethrones Rohit to reclaim top spot in ODI rankings

January 14, 2026
SC sets aside HC order on DLF unauthorised constructions

Capital inflows in real estate reach all-time high of $14.3 billion

January 14, 2026
vegetable

India’s WPI inflation edges up to 0.83 pc

January 14, 2026
Blitzindiamedia
  • Blitz Highlights
    • Special
    • Spotlight
    • Insight
    • Education
    • Health
    • Sports
    • Entertainment
  • Opinion
  • Legal
  • Perspective
  • Nation
    • East
    • West
    • North
    • South
  • Business & Economy
  • World
  • Hindi Edition
  • International Editions
    • US (New York)
    • UK (London)
    • Middle East (Dubai)
    • Tanzania (Africa)
  • Blitz India Business
No Result
View All Result
  • Blitz Highlights
    • Special
    • Spotlight
    • Insight
    • Education
    • Health
    • Sports
    • Entertainment
  • Opinion
  • Legal
  • Perspective
  • Nation
    • East
    • West
    • North
    • South
  • Business & Economy
  • World
  • Hindi Edition
  • International Editions
    • US (New York)
    • UK (London)
    • Middle East (Dubai)
    • Tanzania (Africa)
  • Blitz India Business
No Result
View All Result
World's first weekly chronicle of development news
No Result
View All Result

Space sector as business opportunity

ISRO chief’s thoughts on key subjects

by Blitz India Media
May 2, 2023
in Business

Sreedhara Panicker Somanath was appointed as the Chairman of the Indian Space Research Organisation (ISRO) on January 15 this year. He is known for his contributions to launch vehicle design, particularly in the areas of launch vehicle systems engineering, structural design, structural dynamics, and pyrotechnics. He also served as the Director of Vikram Sarabhai Space Centre and Director of Liquid Propulsion Systems Centre. Somnath is now also the Secretary of the Department of Space and the Chairman of the Space Commission which makes him the head of ISRO. Following are his thoughts on some key subjects:

To integrate private sector in space programme

“It can be private players or big industries. There is technological and business content in this. We are trying to privatise the business part, planning how this can be turned into a business opportunity and used commercially. We need to develop our space sector as a business opportunity for them and as a part of our economy. This is the target and it is a big responsibility.”

YOU MAY ALSO LIKE

Tuhin Kanta Pandey: The New SEBI Chief

Adani Green Energy Achieves Historic Milestone, Surpasses 12,000 MW Renewable Energy Capacity

Space sector not being privatised

Not like BSNL and Air India; these two are service-oriented while ISRO is core technology-oriented and therefore, cannot be privatised as it researches and develops technology.

Space start-up ecosystem

“They are enthused and active in working on it… It is not easy…a lot of knowledge is required… Sharing of knowledge from ISRO is necessary for them to succeed… I am looking forward to seeing them succeed, with their own initiative and with the support of skilled people created by the space programme.”

Need to hike space budget

Keen that the space budget goes up from the Rs 15,000-16,000 crore to Rs 20,000-50,000 crore. “But the increase in the space budget cannot be by Government funding or support alone. Just like the changes which happened in the telecom and air travel sectors, the same should happen here too. With that, there can be more job opportunities and an increase in research and development.”

Gaganyaan human spaceflight programme

“It is not easy as we have to develop techniques as support from outside may be meagre or even little. We have started our technological work, including tests in the crew escape system, long ago. But Gaganyaan is the first step of our long journey. It is quite easy to launch a person into space, but quite difficult to bring him back.”

Evolution of rockets for future missions

“Winged reusable rocket still has some merit and provides certain operational flexibility, we continue to work on winged reusable rockets and we have an ongoing programme to work on the orbital reusable vehicle. We have not started working towards making current expendable rockets into reusable rockets, we have to initiate that programme and it will be linked with engines we need to develop.”

Change is of essence

“We need to align ourselves accordingly. We need to create new legacies.”

Previous Post

RUSSIA-UKRAINE WAR

Next Post

ISS’ uncontrolled descent may hit India

Related Posts

Tuhin-Kanta-Pandey
Business

Tuhin Kanta Pandey: The New SEBI Chief

February 28, 2025
Adani Green Energy
Business

Adani Green Energy Achieves Historic Milestone, Surpasses 12,000 MW Renewable Energy Capacity

February 28, 2025
Nadella
Business

AI’s Impact on Agriculture is ‘Phenomenal’: Satya Nadella, Elon Musk React

February 24, 2025
ONGC, NTPC JV for green energy push
Business

NTPC and France’s EDF Sign Agreement for Hydro and Renewable Energy Projects

February 24, 2025
equity
Business

Over 26% of Equity Mutual Funds in India Outperform Benchmarks in January

February 24, 2025
Textile
Business

Banks Crucial to Achieving $350 Billion Target for Indian Textile Sector

February 24, 2025
Please login to join discussion

Recent News

Injured Sundar ruled out of NZ series

Injured Sundar ruled out of NZ series

January 15, 2026
Industry Minister Piyush Goyal

NITI Aayog unveils blueprint to empower MSMEs

January 15, 2026
export

India’s merchandise exports rise to $38.51 billion in December

January 15, 2026
Supreme Court

SC stays Bengal Police FIRs against ED officers, issues notice to Mamata

January 15, 2026
Djokovic, Sinner in same half of draw in Australian Open

Djokovic, Sinner in same half of draw in Australian Open

January 15, 2026
RBI

RBI issues norms for internal ombudsman in banks, NBFCs

January 15, 2026
airport

Air India, IndiGo reroute flights as Iran airspace closes

January 15, 2026
Elon Musk

Musk denies Grok generated sexualised images of minors

January 15, 2026
donald-trump

Iran killings have stopped, no plan for executions: Trump

January 15, 2026
Kohli dethrones Rohit to reclaim top spot in ODI rankings

Kohli dethrones Rohit to reclaim top spot in ODI rankings

January 14, 2026
SC sets aside HC order on DLF unauthorised constructions

Capital inflows in real estate reach all-time high of $14.3 billion

January 14, 2026
vegetable

India’s WPI inflation edges up to 0.83 pc

January 14, 2026

Blitz Highlights

  • Special
  • Spotlight
  • Insight
  • Entertainment
  • Health
  • Sports

International Editions

  • US (New York)
  • UK (London)
  • Middle East (Dubai)
  • Tanzania (Africa)

Nation

  • East
  • West
  • South
  • North
  • Hindi Edition

E-paper

  • India
  • Hindi E-paper
  • Dubai E-Paper
  • USA E-Paper
  • UK-Epaper
  • Tanzania E-paper

Useful Links

  • About us
  • Contact
  • Team
  • Privacy Policy
  • Sitemap

©2024 Blitz India Media -Building A New Nation

    No Result
    View All Result
    • Blitz Highlights
      • Special
      • Spotlight
      • Insight
      • Education
      • Sports
      • Health
      • Entertainment
    • Opinion
    • Legal
    • Perspective
    • Nation
      • East
      • West
      • North
      • South
    • Business & Economy
    • World
    • Hindi Edition
    • International Editions
      • US (New York)
      • UK (London)
      • Middle East (Dubai)
      • Tanzania (Africa)
    • Download
    • Blitz India Business

    © 2025 Blitz India Media -BlitzIndia Building A New Nation

    Go to mobile version