• About us
  • Contact us
  • Our team
  • Terms of Service
Sunday, November 8, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Need to raise private investment in India’s space sector by changing mindset: Jitendra Singh

Press Trust of india by Press Trust of india
June 11, 2026
in BUSINESS
A A
0
FacebookTwitterWhatsapp

Ahmedabad: Union minister Jitendra Singh on Thursday said there was a need to change the mindset and scale up private investment as well as participation in India’s space sector to make it more competitive.

He also said that in the 1980s, China made large-scale investments into science and technology without any government schemes as it believed that science requires only money and not freedom of speech or freedom of press. 

More News

All Agniveers eligible for regular enrollment post 2-year tenure extension: Rajnath Singh

J&K Bank explores expansion of banking services in Ladakh

J&K Bank opens premium branch at Barzulla, extension counter at PCR

Load More

Supporting research and development (R&D) for the welfare of mankind is also a kind of worship and philanthropy, the minister noted. 

Singh was speaking at the 10th Indian National Space Promotion and Authorisation Center (In-Space) Industry Connect in Ahmedabad.

“The mindsets are taking longer to open up on both (private and government) sides. It would take one or two generations, because the earlier generation of our scientists were used to working in a wing of secrecy. So we need to scale up private investment and private participation in order to be more competitive, and also to be more aggressive in our future missions,” the Minister of State for Science and Technology said. 

The government will also have to give up its inhibition or reservation about letting the private sector come in, he said.

Singh also emphasised the need to foster a culture of research and development to advance the country’s development.

“We don’t have a culture of philanthropy as far as science and research is concerned in India. Philanthropy here means donating for ‘bhandara’ (free community feast) or ‘kirtan’ (devotional singing)…That’s good, but doing R&D for the welfare of mankind is also worship,” he said.

Singh said he doesn’t blame the private sector as the earlier governments perhaps functioned differently.

“We are just about five years into this new mold of approach,” he said.

Singh was interacting with IN-SPACe chairman Dr Pawan Goenka in the presence of Indian Space Research Organisation (ISRO) chairman V Narayanan and industry leaders. 

During the interaction, Singh said the biggest challenge to scaling up technology is raising money.

“We need to have more investments coming in domestically, internationally, whether they are from philanthropists, foundations or business players,” he said.

Despite all the contradictions and heterogeneity, India is quite resolved to do this, the minister asserted.

He said, “People often compare China’s growth with India’s, but China dumped all the money into science and technology in the 1980s without any government schemes.”

“They (China) believed science doesn’t require freedom of press, freedom of speech, it requires only money. So, no schemes like Ayushman, Ladli Beti, Ujjwala, PM-Kisan. But in spite of that, if we are competitive, that is our strength,” Singh said.

During the event, the government announced that an agreement was signed between In-Space and the Gujarat Department of Science for the development of a state-of-the-art space manufacturing park at GIDC Khoraj, equipped with advanced Common Technical Facilities (CTF).

 

Previous Post

J&K building hockey talent pipeline, future champions to emerge from UT: LG Sinha

Next Post

US Navy attacked 3 merchant vessels with Indian seafarers in Gulf region; issue taken up with US

Press Trust of india

Press Trust of india

Related Posts

All Agniveers eligible for regular enrollment post 2-year tenure extension: Rajnath Singh

BJP governments never imposed any ban on media organisations: Rajnath Singh
November 8, 2026

New Delhi: After completing an additional two-year tenure, all Agniveers will be eligible for enrollment as regular soldiers, subject to...

Read moreDetails

J&K Bank explores expansion of banking services in Ladakh

J&K Bank explores expansion of banking services in Ladakh
November 7, 2026

CGM meets UT Finance Secretary; discussions also cover CSR initiatives LEH: Chief General Manager of Jammu and Kashmir Bank Imtiyaz...

Read moreDetails

J&K Bank opens premium branch at Barzulla, extension counter at PCR

J&K Bank opens premium branch at Barzulla, extension counter at PCR
November 7, 2026

SRINAGAR: Jammu and Kashmir Bank on Friday inaugurated a Premium Branch at Barzulla in Srinagar and an extension counter at...

Read moreDetails

Cybercrime networks shift to smaller, mobile scam operations amid enforcement pressure: FATF

Govt establishes JK4C to combat cyber crimes across J&K
November 7, 2026

New Delhi:  With enforcement pressure mounting, criminal networks are breaking their Southeast Asia-based scam compounds, which are dens of international...

Read moreDetails

J&K Bank holds customer care town hall in Anantnag

J&K Bank holds customer care town hall in Anantnag
November 5, 2026

ANANTNAG: Jammu and Kashmir Bank on Thursday held the second meeting of its Customer Care Town Hall series at its...

Read moreDetails

Govt relaxes passport and visa rules for foreign nationals residing in India

Govt relaxes passport and visa rules for foreign nationals residing in India
November 5, 2026

New Delhi: The government has relaxed passport and visa rules for several categories of foreign nationals residing in the country,...

Read moreDetails
Next Post
US Navy attacked 3 merchant vessels with Indian seafarers in Gulf region; issue taken up with US

US Navy attacked 3 merchant vessels with Indian seafarers in Gulf region; issue taken up with US

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.