PM Modi urges private space sector to build global aura of innovation
Prime Minister Narendra Modi has called on India's private space sector to foster a global reputation for innovation and cost-competitiveness. He aims to attract international talent and encourage Indian professionals abroad to return to the country to build their careers.
Why it matters
This initiative reflects India's strategic push to become a global hub for space technology and private aerospace investment.
Prime Minister Narendra Modi has stressed creating an aura around the private sector in space research so that people worldwide feel that if they want to make a career, they should go to India.
In an interaction with CEOs and founders of 20 space startups on Friday (August 21, 2026), Mr. Modi also highlighted India's cost-competitiveness in launching space ventures.
He emphasised that the country's vast talent pool and high risk-taking capacity would allow India to rapidly establish a dominant position in the global space sector, according to the transcript of the interaction, which was released on Sunday (August 23, 2026).
The Prime Minister said the world must now be looking for Indian startups – wondering who is leading in this space.
Because whenever a breakthrough happens, people's attention shifts immediately, he said.
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