News Update

Over 100 killed in food aid stampede in GazaPaytm snaps off inter-company pact with Paytm Payments Bank43 charred to death in mega fire in BangladeshFormer Canadian PM Brian Mulroney, 84, passes awayCrypto Exchange to refund USD 1.1 bn to investors locked out since 2022China’s factory activity shrinks for 5th month in a rowOECD appoints Alvaro Santos Pereira as Chief EconomistCabinet greenlight for 3 more semiconductor units; construction to begin in 100 daysSC Constitution Bench reverses own decision on automatic expiry of HC stay orders after 6 monthsCabinet okays plan to set up rooftop solar units for one crore householdsGDP likely to grow by 8.4% in Q4: GovtCabinet okays proposal to set up International Big Cat AllianceDomicile of Origin vs Domicile of Choice: No visits to temple may prove fatal! (See TII 'Edit')Core sector rises by 3.6% in Jan monthNational One Health Mission - Cabinet okays creation of Director-level post at National Institute of One Health, NagpurService Matter - Claim for compassionate appointment not to be considered as regular mode of appointment; is intended to address penurious situation in immediate aftermath of breadwinner passing away: SCDespite several wins NDA short of 3 seats of majority in Rajya SabhaTrump's return to Oval Office! China sweating like just out of heated hammam!Cus - Liability incurred by noticee company which merged with petitioner company cannot stand extinguished on account of its merger: HCSEBI urges Mutual Fund operators to protect small, midcap investors amid surge in inflowGovt notifies certain provisions of SEZ Act & Rules to apply to notifications issued under IFSCA Act, 2019
MoS launches Capacity Building Program on Geospatial Technology

By TIOL News Service

NEW DELHI, NOV 23, 2023: INDIA'S Space economy is on the rise, particularly in the last nearly ten years and more so in the last five years under the dynamic leadership of Prime Minister Narendra Modi, Union Minister Dr Jitendra Singh said yesterday.

Due to opening up of the Space sector, emergence of Space Startups and Industry linkages, India's Space economy could skyrocket to 0 Billion in the years to come, as projected by foreign trade experts who are amazed by India's quantum leap, he said.

"Last ten years have been a watershed period in the scientific transformation in India's journey since Independence. And as far as the Space & Geospace and the entire ecosystem is concerned, it is even more visible, more so in the last five years," he said.

The Union Minister of State (Independent Charge) Science & Technology, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said this while launching the Capacity Building Programme on Geospatial Technology & Applications, organized jointly by ISRO and Capacity Building Commission (CBC), through video conferencing.

Dr Jitendra Singh said, Geospatial technology is being widely used in PM Gati Shakti infrastructure development programmes and SVAMTVA land mapping.

"Space technology is gradually becoming more and more component of India's overall economy. And I am sure this role of it, in the overall value addition to India's growth economy is growing to increase," he said.

Calling for more synergy between Research, Academia, Startup & Industry, Dr Jitendra Singh said the ISRO, being a pivotal agency, has appropriately come forward to take this initiative. This will also prove to be major effort to achieve the 'Whole of Science, Whole of Nation' approach. The Capacity Building programme on Geospatial technology & its Applications will raise awareness and help motivate the youth to make wider use of it, he said.

"We might require such capacity building programmes more frequently, more extensively. But at least beginning from today we have realized the importance of this, we have tried to institutionalize it," he said.

Dr Jitendra Singh said the Anusandhan National Research Foundation will be an important supplement to this entire ecosystem.

Dr Jitendra Singh said, the youth of today will see Bharat through the Amritkaal as envisioned by PM Modi for India@2047, and celebrate the nation's grand entry into Swarnimkaal.

The event was attended by Secretary, Department of Space and Chairman, ISRO, S. Somanath, CBC Chairman Adil Zainulbhai and senior officials.


TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023

Shri M C Joshi, Former Chairman, CBDT

Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023