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Solutions provided by ISRO will help monetise the space economy: Dr. Somanath at India Space Congress 2022

The India Space Congress 2022 is supported by ISRO, In-SPACe, NCIL, Department of Telecommunications, Department of Space, and NITI Aayog

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The India Space Congress 2022 is supported by ISRO, In-SPACe, NCIL, Department of Telecommunications, Department of Space, and NITI Aayog

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Speaking at the opening of the India Space Congress 2022, Dr S Somanath, Chairman, Space Commission; Secretary, Department of Space and Chairman ISRO said that demonstrating capabilities to increase business opportunities will help create a larger space economy. He said that a conducive policy for the sector is slated to be announced in the near future. Dr. Somanath further said, “Solutions provided by ISRO will help monetise the space economy. We have to start looking at our space sector with a whole new perspective to a larger and more monetised economy. If we look at NavIC, though a regional satellite navigation system, it has the potential of becoming a global navigation system.”

The India Space Congress 2022 is the first comprehensive space and satellite event by a private association in India with multiple stakeholders including the government, the private sector, and representations from satellite communications and defense sectors. Addressing the opening session K. Rajaraman, Chairman – DCC and Secretary – Telecommunications focussed on the role of technology to address economic inclusivity. He said that incorporating around 400 million unbanked citizens to the digital economy has helped them to transact electronically. K. Ramarajan further said, “Digital inclusion shall pave the way for our national goal of economic inclusion. New technologies promise convergence and spectrum deployment should be put to better use.”

The Secretary – Telecom highlighted about the 4G saturation in 30,000 villages in the next one year and for which satellite communications will play a pivotal role in digital inclusion at the last mile as people living in these areas are remote.

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The inaugural session concluded with an MoU being signed between Taiwan Space Industry Development Association and SatCom Industry Association of India (SIA-India). The MoU entails collaboration between the two industry associations focusing on the growth of the space industry and working towards a collaborative work atmosphere. The MoU was signed by the Representative of Taiwan to India, H.E. Baushuan Ger, and Dr. Subba Rao Pavuluri – President SIA-India.

The three days India Space Congress 2022 will witness 500 + delegates, 180 Speakers, and 35 thematic sessions from 20 nationalities.  The platform is to open dialogue, discuss business models, talk about regulatory challenges and possible learnings from other geographies, and generate interest in the new entrepreneurs- all this towards the goal of making 'ATMANIRBHAR BHARAT' a reality.

Welcoming dignitaries and delegates, Dr. Subba Rao Pavuluri, President – SIA-India, and CMD – Ananth Technologies, said, “We have to look at space technology holistically and ensure how it integrates with the space economy. Space technology is playing a key role in the economic development of the country and in the next couple of years will play an important role in GDP contribution.”

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