New Delhi, August 21, 2026 (Yes Punjab News)
Prime Minister Narendra Modi on Friday interacted with the CEOs and founders of 20 Indian space startups at Seva Teerth in New Delhi, highlighting the growing capabilities of the country’s private space industry and calling for stronger cross-sector collaboration to establish India as a global hub for space technology.
The startups represented a broad spectrum of the space ecosystem, including rocket development, reusable semi-cryogenic launch vehicles, avionics, satellites, advanced propulsion systems, space and defence intelligence, space-debris removal, and artificial intelligence-powered hyperlocal weather and climate intelligence.
During the interaction, the startup founders outlined the progress made by India’s private space sector and shared their plans for its future. They said their companies had invested substantial time and resources in building indigenous technologies and capabilities, while acknowledging the support provided by the Prime Minister and the government.
The industry leaders also highlighted the ecosystem emerging through government backing and greater collaboration among private companies. They said their teams remained highly motivated and were working towards ambitious objectives in the space sector.
The founders recalled that opening the space sector to private participation had generated considerable enthusiasm and created fresh opportunities for Indian businesses. They also pointed out that companies from other sectors were increasingly exploring ways to adopt and use technologies developed by India’s emerging private space industry.
Modi congratulated the startup founders for their initiative and willingness to take risks, saying the confidence displayed by private companies had reinforced the vision behind opening the sector to private participation.
The Prime Minister noted that several countries either lacked the resources to make substantial investments in space or were unwilling to do so, creating an opportunity for India to strengthen its position in the global space industry.
Modi also urged space companies to explore wider applications of their technologies and develop solutions aimed at improving everyday life. He called for closer partnerships between space startups and organisations operating in other sectors.
As an example, he suggested that companies developing space-debris removal technologies could work with environmental organisations to expand their applications. Similarly, space technology firms working in agriculture could collaborate with agricultural universities and government departments to help farmers make better-informed decisions and improve productivity.
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