: PM launches Indian Space Association (ISpA) #finance #StockMarketNEWS PM launches Indian Space Association (ISpA) New Delhi, Oct 11 (KNN) During the virtual launch of today Prime Minister, Narendra

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PM launches Indian Space Association (ISpA) #finance #StockMarketNEWS
PM launches Indian Space Association (ISpA) New Delhi, Oct 11 (KNN) During the virtual launch of today Prime Minister, Narendra Modi talked about the young entrepreneurs and startups, said that the government encourages industry, young innovators and startups at every level.

He elaborated that to develop a strong startup ecosystem, a platform approach is very important. He defined the platform system as “an approach where the government creates open-access public controlled platforms and makes that available to the industry and enterprises. Entrepreneurs prepare new solutions on this basic platform”. The Prime Minister illustrated this with the example of the platform of UPI which became the basis of a strong fintech network. He said similar platforms are being encouraged in space, geospatial fields and for use of drones in various areas.

He also interacted with representatives of the Space Industry on the occasion, and congratulated all of those present for the formation of the Indian Space Association - (ISpA).

The Prime Minister remarked that the Governments approach to space reforms is based on 4 pillars. First, the freedom of innovation to the private sector. Second, the role of the government as an enabler. Third, preparing youth for the future. And fourth, to see the space sector as a resource for the progress of the common man.

He said that the space sector is a major medium for the progress of 130 crore countrymen. He remarked that for India, the space sector means better mapping, imaging and connectivity facilities for the common people.

Also, the space sector means better speed from shipment to delivery for entrepreneurs, this also means better security and income for fishermen and better forecast of the natural calamity, he added.

The Prime Minister remarked that a self-reliant India campaign is not just a vision but also a well-thought, well-planned, integrated economic strategy. A strategy that will make India a global manufacturing powerhouse by enhancing the skills capabilities of Indias entrepreneurs and Indias youth.

He added that it is a strategy, which will play a big role in global development, enhancing the prestige of Indias human resources and talent, globally.

The Prime Minister said the government is moving ahead with a clear policy regarding public sector enterprises and is opening most of these sectors to private enterprises where the government is not required. The decision regarding Air India shows our commitment and seriousness, he said.

The Prime Minister said that, during the last 7 years, space technology has been converted into a tool of last-mile delivery and leakage-free, transparent governance.

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